A financial settlement order, also known as a clean break settlement means that the parties to the divorce will have no financial ties once the court order is made and implemented. A clean break order will not include any spousal maintenance. It enables both parties to move forward and be financially independent of one another.
Clean break orders can be useful to help protect your estate against future claims under the Inheritance Act, but they won’t suit every situation – especially not if there’s young children involved who still need to be provided for.
It’s still important to review your Will and ensure it is up to date, ensuring your estate is still going to be divided the way you want it, after your death.
