This is the next instalment in our bite size blog series in which we hope to demystify some of the legal terms, which are frequently used by family solicitors when giving legal advice and in the family courts environment.
Financial remedy proceedings are court proceedings to deal with how a divorcing couple’s assets are divided. They are separate to the divorce process which only deals with ending the marriage. If a couple is unable to reach an agreement about their finances, a judge will make an order at the end of financial remedy proceedings. The order is designed to ensure that each party walks away with a fair share of the “marital pot”. Where there are children, the court’s primary focus will be dividing the pot in a way that ensures their needs are met.
Different financial orders can be made by the Family Court, including sale or transfer of property orders, lump sum payments, pension sharing orders and monthly maintenance payments (not to be confused with child maintenance!).
If you are looking for expert legal advice in the breakdown of a marriage, please contact our specialist divorce solicitors.