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Key stages of the divorce finance process

There are a number of steps and forms to complete in the divorce finance process:

Financial disclosure


There are a number of stages in the financial disclosure process, some of which include forms to complete which will eventually be exchanged by both parties. Issuing your financial application: the Form A To start financial proceedings, you need to make a separate...

First Directions Appointment (FDA)


What is the First Appointment?  The First Directions Appointment is commonly referred to as the ‘First Appointment’ or ‘FDA’. This is the first hearing that takes place during the court financial proceedings part of a divorce. It...

Financial Dispute Resolution (FDR)


The FDR is the stage at which most cases settle. It is a special type of hearing which is focused on achieving a negotiated settlement between the parties. An FDR hearing takes place on a “without prejudice” basis, meaning that things that are said there cannot...

Final hearing


If your case is “fully contested” and cannot be settled, it may well proceed to a final hearing. At a final hearing, the court listens to the evidence of both parties and decides what the assets are and how they should be divided. Final hearings generally take...

Valuation of a business in divorce proceedings


Separating assets in a divorce can be one of the hardest aspects and can be particularly difficult where there is a business involved. Often one of the greatest difficulties is determining the value of the business so that the parties can agree how assets, including the...

Stamp duty and the sale of the marital home


Stamp Duty from the sale or transfer of property as a result of divorce  Often, when parties divorce, the resulting tax implications of any sale or transfer of property does not form their first consideration. However, it is important to...

What happens to salary, bonus, and pensions in divorce?


Salary, bonus, and pensions all represent future sources of income a party in a divorce will receive. As such, these are not assets which do not constitute the ‘matrimonial assets’ of a case, those assets accumulated during the...

Divorce: financial advice


The process of getting a divorce is completely distinct to the process of making financial or child arrangements. A decree absolute will bring your marriage to an end, but it may not end the financial commitments that may continue to exist between you and your ex-spouse on...

What am I entitled to if I divorce my husband?


When a couple divorce, one of the major concerns is how the parties’ shared marital wealth will be divided between them post-separation. Women facing a divorce will often worry about the divorce settlement ask us “what am I entitled to if I divorce my...

Guide to Barder Events


Originating from the case of Barder v Barder in 1987, a Barder event is defined as a new event that occurs, that invalidates the main or fundamental assumption on which a financial remedy order was made and which can ultimately challenge that order. This type of event can be...

What is Form E?


For any divorcing couple, dealing with the financial arrangements can seem overwhelming and complicated. In order to ensure a fair division of a couple’s assets and financial obligations it is necessary for all parties to understand the whole picture. If a divorcing...

Debt and Divorce


The financial aspects of a divorce are often the area that is most complicated to resolve. It is generally understood that the assets will need to be divided between the couple, but it also has to be decided how the matrimonial debts will be shared. This can be the case even...

Divorce and Tax


Although the financial impact of divorce is something that the parties are likely to expect, often the tax implications are not something that is initially considered. However, any change in circumstances can affect your tax liabilities and so it is very important to...

Financial Remedy Orders


To many, the notion of a divorce entails an element of financial settlement. However, the process of getting divorced and of achieving a financial settlement are strictly seen as distinct (but interconnected) legal processes. Once a divorce petition...

Alternative dispute resolution for the financial aspect of divorce


Resolving the financial division of marital assets via the courts can be stressful, expensive and time consuming. Without a prenuptial agreement in place, the parties can find it difficult to decide how the marital wealth will be divided. Alternative dispute resolution is...

The information on this website is intended as a guide and does not constitute legal advice. Vardags do not accept liability for any errors in the information on this website, nor any losses stemming from reliance upon the statements made herein. All articles and pages aim to reflect the legal position at time they were published, and may have been rendered obsolete by subsequent developments in the law. Should you require specialist advice, tailored to your situation, please see how Vardags can help you.

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