|
Ancillary Relief is the name given to the legal process in England and Wales whereby the financial arrangements of a divorcing couple are negotiated and formalised in a court order.
One of the parties (normally the financially weaker party) makes an application for Ancillary Relief. The name ancillary comes from this process being "in addition to" the central legal process of dissolving the marriage.
The purpose of Ancillary Relief is to put in place a set of financial arrangements that is fair to all parties in the two key areas of 1) Division of Marital Assets and 2) Addressing any major disparity in earning power.
In order to achieve fairness there are a number of financial orders that a court can make:
Maintenance orders
These order that one spouse should make maintenance, or periodical payments (usually from the husband to the wife). Payments are normally ordered on a weekly or monthly basis. They can be limited to a set period.
Lump sum orders
These order one spouse to make a payment of a lump sum of money to the other. This sum can be of any amount, depending upon the assets of the parties in any particular case. A lump sum can be ordered in addition to maintenance payments, or it can be in final settlement of the financial obligations of the payer.
Transfers of property
The court can order a husband or wife to transfer any property which belongs to that person to the other spouse. This order is often made when the property to be transferred is the spouse's interest in the former matrimonial home. These orders can be made in relation to all forms of property, including tenancies and company shares, for example.
Pension Sharing Orders
The court can order various types of pension sharing or pension attachment orders.
|