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Does living with a new partner affect financial settlement UK?

Leia Doyle

Does living with a new partner affect financial settlement UK?

A party who cohabitates with a new partner could see a reduction in their financial settlement given that the courts can take into account the income and financial situation of a new partner. Cohabitation could also be seen as a change in circumstance and may affect any spousal maintenance payments you are receiving.

Does a new partner affect my divorce settlement?

If you start living with a new partner before the financial settlement is agreed or have an intention to do so after the divorce – and have not disclosed the relationship or intention while negotiations are ongoing – your settlement can be changed when it is later discovered.

Can you get a financial settlement without a divorce?

Getting a financial settlement is not compulsory. In fact, many couples divorce without ever getting a financial settlement and/or a consent order.

What should the wife get in a financial settlement?

A fair financial settlement might award the wife half the joint assets, including half her husband’s pension entitlement and a significant proportion of her husband’s income until he retires.

Can a financial settlement be turned into a court order?

After you have reached a divorce financial settlement, this can then be turned into a court order. This process is done separately from, although normally runs concurrently with, the divorce itself.

Can you meet someone after a divorce settlement?

Neither is it uncommon for one or both parties to meet someone after a divorce financial settlement has been finalised by the courts and for one or both of them to question whether or not this may change the original divorce financial settlement.

Is there a divorce financial settlement in England?

In England and Wales, the divorce and the divorce financial settlement are two very distinct undertakings. Many people assume that getting a divorce will automatically separate them from their ex-partner, divorce financially. This is simply not the case. So what is a divorce financial settlement?