how a mckenzie friend can help with
Financial Arrangements
How It works?
At Your McKenzie Friend, we understand that going through a divorce or separation can be a stressful time, particularly when it comes to financial arrangements. Our dedicated team of family law McKenzie Friends are here to help guide you through this difficult process. We know that the financial well-being of your family is your top priority. That’s why our professional McKenzie Friends, located across the UK, offer expert advice and support to ensure the best outcomes for you and your loved ones.
A financial settlement is a legally binding agreement which outlines how your assets and wealth will be divided following the end of your marriage. The process of reaching a settlement varies in length depending on the complexity of the agreement and any potential backlog in the courts, but usually takes between 6 to 8 months. A consent order or a clean break order are legal documents that show the court has agreed to your financial arrangements.
There are several ways to determine a financial settlement. Mediation is often the quickest method, involving a neutral third party to suggest potential settlements. Alternatively, both parties can disclose their financial circumstances and seek individual advice before beginning voluntary negotiations. In some cases, it may be necessary to go to court to reach a settlement. It’s generally better to reach an agreement out of court if possible, to save both time and money.
Before attending court proceedings for a financial settlement, it’s essential to seek legal advice from a qualified solicitor. This can help you understand the process and ensure the court sees that you understand the proposed agreement is legally binding. The court is more likely to approve a consent order if both parties have received legal advice.
Your McKenzie Friend is here to help you navigate this process. Our team of experienced professionals is ready to offer you practical advice on all aspects of divorce and civil partnership financial settlements. No matter your circumstances, we have the skills and expertise to guide you through the challenges and complexities that you may encounter during the making of your financial settlement. Secure your future today by engaging with the services of an experienced McKenzie Friend.