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of UK marriages end in divorce.
Financial settlement and child arrangements are separate proceedings running parallel to the divorce proceedings. Due to the finances and children being separate proceedings, they both entail independent costs to the divorce proceedings.
2. Making arrangements outside of court can cause future problems.
If you are considering getting a divorce or going through the divorce process, you have likely heard that informal agreements over the financial and child settlement will save a lot of time and money. An informal agreement is where a husband and wife agree outside of court. This statement may be correct in the short term, but this isn’t necessarily the case in the longer term.
An informal agreement over the finances and children will mean the agreement isn’t legally binding. For example, in an informal child arrangement, if one party later decides they don’t want to abide by the agreement, there’s no legal enforcement. These instances cause severe stress and heavy financial burdens down the line. Furthermore, you will need to bring the matter to court and gain a formal (enforceable) agreement.