Is a mediated financial agreement legally binding?

This is a question I am asked by separating couples almost every week.

Would it surprise you to know that when you divorce a financial agreement is not binding whether it is reached?; 

• Between solicitors
• In mediation 
• By yourselves
• Or in any other way, for that matter

The only person with the power and authority to turn your financial agreement into a binding court order is a Judge.

In my view, when you separate, the more important questions to ask are these

• Do you want to reach a fair financial agreement with your former partner?
• Do you want to keep your costs as low as possible in achieving this?
• Do you want more control over the length of time it takes?
• Do you want to keep stress of divorcing to a minimum?

My mediation Divorce Tips for a fair divorce settlement 

How are you going to achieve a fair divorce settlement and answer yes to my questions?

By far the quickest and cheapest way of achieving a fair financial outcome and binding consent order is to do this together, with the help and support of a mediator specialising in financial work.

When you reach your financial agreement in mediation, a consent order is prepared and sent to the Judge to consider.

If the Judge assesses that the mediated agreement is fair in law the Judge will give you a binding financial order.

All this can be done with minimum expense

Free mediation consultation 

If you have any questions please ask for a 20 minute free consultation and one of our mediators will be happy to explain this process in more detail.

Good luck in navigating the divorce process.