A Euro Millions lottery winner, Nigel Page, won £55 million on the lottery but when he divorced his wife he did not have much money and didn’t bother making a clean break settlement. This had massive financial implications for him as his ex-wife took him to court and as she had not remarried, as he had, she won her case and he was forced to pay the settlement to his ex-wife, which totalled £2 million and in addition he had to pay his legal fees too.
Whilst the example of Mr Page is an extreme one, there are other financial claims that could be made against you further down the line, if you fail to obtain a clean break order. This may include access to your pension fund, if this was not included in the original settlement.
If you are going through a divorce now or you are already divorced but you did not put a clean break order in place, you should speak to a specialist solicitor as soon as possible and make arrangements to make one to ensure that you are protected now and in the future.
For more information about this article or any aspect of our family law services, please call Charles Goodbody on 01985 214444 or email email@example.com and we will be delighted to help you (there is no charge for initial telephone discussions).