It is very important to consider what might happen to your house, other property, and financial assets after a divorce. Even if you have been paying the full mortgage in your own name there are many factors that determine the allocation of resources. A consent order is central to understanding this complex process.
An agreement about how property and assets are to be divided, on maintenance, or on division of pensions, once it is agreed by the court is known as a consent order. The cost of a consent order is minimal, but the costs required in producing a consent order are much greater. You need the correct type of legal advice to produce a consent order and you should always make sure that the legal company you are approaching to produce such an order has the authority to do so.
A clean break consent order is potentially a very useful instrument. This means that neither partner can make a future claim on your assets when undertaking a divorce. Clean break orders, as the name implies, are very useful in finalising arrangements for a couple. You need to think very carefully before undertaking a clean break consent order as in the future you will not be able to make a claim for further resources. This can mean that you can not claim for maintenance costs, or to gain a share of the pension, for example. Of course, you will need to specify (fully) your financial assets and liabilities before coming to an agreement that would result in a consent order.