The importance of a Financial Consent Order - this is where By Personal Touch step in -

The importance of a Financial Consent Order - this is where By Personal Touch steps in - 

The divorced lottery millionaire Nigel Page has paid £2 million to his ex-wife Wendy after scooping £56 million on the Euromillions jackpot. That is despite her leaving him for another man in 2000. 

It is alleged she had wanted a greater sum than that when she started legal proceedings. The settlement was agreed out of court and is thought to be have been so as avoid the need to pay out a greater lump sum. Mr Page had offered his wife £1 million but it is understood that she had rejected this in the hope that she could claim £8 million. This offer was put forward by her legal team. 

 In addition to the lump sum, it is believed that significant monthly maintenance payments have been made in respect of the 13-year-old daughter that the parties have. 

 Not the first case of its kind.. it was that the parties did not include a legally binding ‘clean break’ arrangement when they divorced. As such, financial claims against each other remained open.

 If, on divorce, you do not make a ‘clean break’ agreement in respect of financial claims, both parties may be able to claim against the other in the future, should a change in financial circumstances occur, i.e., should one of you win the lottery or obtain a financial windfall.

 In order to make a clean break financial settlement, it is necessary for both parties to consent to such a settlement. 

Research published in 2023 and cited in the Family Law Journal (November 2024) indicates: - Only 40% of divorcing couples obtain a financial order on divorce - Of the approximately 100,000 people who divorce each year, just 40,000 obtain a financial order.. 

For your Consent Order, with a fixed fee for both parties, concluding in the By Personal Touch videocall to tidy any loose ends.. visit 

https://www.bypersonaltouch.com