Ejerforeningen Æblehaven

Can You Divorce Without Financial Agreement

After 18 years of marriage, my wife and I broke up. The agreement was to obtain a decree nici, to obtain the financial order in force, and then to obtain the finished decree. Simply put, if a partner no longer works or earns for a few years after a long marriage, he will have more difficulty supporting himself after the divorce. Assets transferred between spouses are exempt from capital gains tax (CGT). This exemption continues to apply during the tax year in which the spouses separate (regardless of the date of the divorce). Support is the money a spouse pays to his or her former spouse at the end of the divorce. It is usually paid when a divorcee does not have the opportunity to provide for her financial needs outside of marriage – a common case is the succession of a marriage in which a single person has had a salary. Thank you for your comment. Yes, a financial settlement should be adopted for your finances, even if it simply means that none of you have a right against the other. Financial claims between spouses are not time-limited and therefore, if a financial order is not made, then your wife could perhaps make a right at any time in the future.

It is also important that you take steps to remedy this before remarrying, otherwise you could affect your position. I strongly recommend that you get advice from a lawyer who is a member of the resolution and introduce you if we can help you more formally. We strongly recommend negotiating and agreeing to a transaction prior to divorce. This will avoid complications, delays or legal costs. In general, yes. If you are divorced, your ex-spouse will be automatically excluded from your beneficiary or executor will (this is not the case if you are simply separated). If you do not develop a new will, it can have undesirable consequences. Dear Helen. Thank you for your comment and for all the information.

My approach would be to go back to basics and see exactly where you are in a financial settlement. I would then isolate the next steps, and I will try to give you cost estimates for each of them, so that we can launch them one after the other and help you stay within the budget. The goal would be to reach a financial agreement with your husband as soon as possible. If you are interested in going further, please contact me directly and I would be happy to help.