Why a financial remedy order is essential on divorce

Orders provide clarification and peace of mind

clock • 4 min read

Lawyer James Osborne explains the importance of financial remedy orders when client's are going through a divorce...

On 18 December 2024, the Law Commission published its long-awaited scoping report assessing the reform options for the laws governing finances on divorce and the ending of a civil partnership.  The research that underpinned the report highlighted a concerning statistic - in 2023 only around 40% of divorcing couples made applications for financial remedy orders.  Thus, 60% of divorcing couples were left financially exposed because without a financial remedy order, each party may still be able to make financial claims against their former spouse. The advent of no-fault divorce in 202...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Safeguarding clients in a world of increasing HMRC activity

Safeguarding clients in a world of increasing HMRC activity

'It is important that financial advisers stay informed and proactive'

Louisa Beciri and Tom Lewis
clock 23 April 2025 • 4 min read
IHT receipts swell to record £8.2bn for 2024/25

IHT receipts swell to record £8.2bn for 2024/25

10% higher than last year, commentators note

Jen Frost
clock 23 April 2025 • 2 min read
HMRC gears up for an increase in criminal investigations

HMRC gears up for an increase in criminal investigations

'Criminal investigations are reserved for the most egregious cases'

John Hood
clock 17 April 2025 • 4 min read