The increased financial capability of people post-recession has led to a doubling in the number of divorce settlements in the past year, according to statistics compiled by a Cardiff-based family law firm.
The firm said that with many people failing to secure a court order to formalise their divorce settlements, ex-spouses remain at liberty to pursue further claims.
The growth in this type of claim is stark; for example, in 2011 there were 3,620 claims brought outside of the divorce process, while in 2013 there were 14,690 and in 2014 there were 29,060. As can be seen, this growth coincides with the end of the recession and return to relative financial prosperity.
Perhaps more than anything the figures show the value of obtaining a formalised divorce settlement. Unfortunately, many divorcing couples focus primarily on achieving an amicable agreement outside of the courts.
However, this can prove a false comfort and security, as if the correct formal procedures are not followed, ex-spouses may be free to return to the courts in the hope of securing a more financially beneficial clean break.
To find out more about your legal rights in relation to clean break divorce settlement click here for more from Healys LLP family lawyers.