What can be included in a financial consent order?

A financial consent order can include the financial agreement reached between the parties and legally binds both parties to the agreed financial terms once approved by the court. 

The key elements that can be included in a financial consent order are:

The transfer or sale of property.

Lump sum payments from one party to the other.

How debts and liabilities will be paid.

Spousal and child maintenance payments. It is important to note that any agreement as to child maintenance is only binding for 12 months from the approval of the Order.

The division of savings, investments, and other assets.

The dismissal of future financial claims against each other. This is the clean break part of the Order.

Every financial consent order is different and can be tailored to meet the couple’s individual circumstances and requirements.