How to protect your financial future when getting divorced – expert advice from Frettens

Divorce isn’t just an emotional upheaval – it’s a financial minefield. If you don’t take the right steps, you could find yourself dealing with unexpected claims, unfair settlements, or financial instability long after your marriage has ended.

So, how do you make sure your financial future is protected? The team at Frettens – experts in family law – have helped countless people navigate the financial complexities of divorce. Here’s what they recommend.

1. Don’t assume it’s over just because you’ve signed the divorce papers

A common mistake? Thinking that a divorce finalises all financial ties. It doesn’t. Even years down the line, your ex could come back with financial claims against you if you haven’t legally settled your finances.

Solution: You need a Financial Order. This legally cuts off financial ties and ensures both parties stick to the agreed terms. Without one, you could face claims on future earnings, inheritance, or even assets you acquire post-divorce. Frettens explains why this is crucial here.

2. Want a clean break? Get a consent order

If you want to walk away without any lingering financial obligations to your ex, a Clean Break Consent Order is what you need. This is particularly important if you’re looking to rebuild your life without worrying about future financial claims.

Think of it as a legal safeguard – your ex can’t suddenly decide they want a share of your future success. Find out more about how these orders work here.

3. Don’t overlook your pension – it’s more valuable than you think

Pensions are often one of the biggest financial assets in a marriage, but they’re also one of the most overlooked in divorce settlements. If your ex has a sizeable pension and you’ve taken time out of work to raise a family, you could be entitled to a share of it.

Frettens’ Pension Sharing Orders ensure pensions are divided fairly, giving both parties financial security later in life. Read more about how pensions are handled in divorce here.

4. Struggling with legal fees? There’s help available

Divorce can be expensive, and not everyone has savings to cover legal costs. If you’re worried about affording a solicitor, you might be able to apply for  a Legal Services Payment Order (LSPO) if you have to go through the courts. There are also specific litigation loans that can in certain circumstances be taken out

A LSPO  order allows you to receive (as an advance against any final Order)  financial support from your ex to cover your legal fees up to a certain point in the case, making sure you have the representation you need. Frettens breaks down how LSPOs work in this helpful guide.

5. Get professional advice – it pays off in the long run

Divorce settlements aren’t just about who gets the house or the car. Every financial detail needs to be considered, from savings and investments to debts and business interests. This is where expert legal advice makes all the difference.

At Frettens, their team ensures you get the best possible financial outcome, helping you secure your future and avoid costly mistakes.

Divorce is tough, but your financial future doesn’t have to suffer. By taking the right legal steps and working with experts like Frettens, you can protect your assets, avoid unexpected claims, and move forward with confidence.

If you’re going through a divorce and need professional guidance, speak to the family law team at Frettens today – they’re ready to help you take control of your financial future.