What's a financial order?

[ConfrontationDoesntHaveToBeScarey]

We have applied for divorce and have selected that we "want to apply for a financial order".

I will use a solicitor to advise me on how to split our finances and I am hoping that myself and ex partner can agree on it.

We both will do a full financial disclosure. He may get a solicitors advice too.

Were we right to apply for a financial order?

Yes. You should always apply for a financial order as it will provide the “clean break”. That way each of you will not be able to make any claims against the other in future.

Yes. Divorce and financial order are seperate processes. There have posts here recently where couples devorced with the FO and one of the couple successfully claimed assets earned in the 10 years since. They had remarried, bought a house etc and it was all up for grabs because they were still financially tied.

Without the FO! That should say. Stupid phone.

Thank you, you have both reassured me.

I am sure he will get into a relationship quick and I don't want the new Mrs to interfere with how we do things so I want it official. But I do think we can agree on the split.

Absolutely get a financial order. A divorce is just that, the end of the marriage, it doesn’t deal with the money stuff. I had a divorce lawyer, and a separate one for the finances - means it’s all sorted and you can move on.

I applied for the divorce myself and I've got a solicitor for my finances. Hopefully that's enough.

@ConfrontationDoesntHaveToBeScarey - I only used a solicitor for the financial consent order as this must be drafted by legal person. Did everything else myself

You can agree your financials yourselves and complete D81 jointly to hand to solicitor to create the FO.

Cost me £480

@2022NewTimes thanks.

Yeah i want my solicitor to create the FO but also to advise me on what a fair split would be. As I haven't got a clue about pensions and how to account for my income being lower than his. I don't have the energy or drive to work out what's fair. I don't trust at all that my ex would come.up with a fair split. So that's why I want solicitor to basically tell me what to go for.

I don't want the solicitor to write directly to him though....as we still live together. I want the solicitor to look at our finances and advise me on what to put to him.

AHH I just want to fast forward this. I feel so inadequate talking to my solicitor about stuff I don't really understand. I feel so stressed about asking ex to provide his financial details. Ugh.

I worry that he will take chunks of money out of his account and keep it in cash to hide it.

Thank goodness my mum is going to pay for the solicitor fees so I'm not stressed about that.

I worry that his solicitor fees will cut into the money that otherwise might go to me.

I worry about how his lifestyle will be so much nicer than mine and me being resentful about it. Actually I'm not worried about his lifestyle being better than mine...I've come closer to accepting that but I don't want to feel jealous and resentful about it.

I'm worried that we are not getting though all this fast enough, I want to be ready financially to move house by September.

I look forward to once this is all done.

Woah got a bit ranty there! Good to get it out I suppose.

Your last post summed up exactly how I feel. It's making me very stressed! No advice but just wanted to say 'I get it'.

@cantgetabus thank you 💐

I don't feel I can rant to my friends about it because of all the anoiying little details that I'd have to explain so that they know what I'm on about.

I hope you will be OK.

He will have to declare all bank accounts and provide you with a year’s worth of bank statements so you will be able to tell if he’s moved money out recently.
Your solicitor will be able to advise you regarding what a fair split might look like.
You definitely need a financial order.

Do you have children ?

Yes two, 7 and 4