Chart detailing all the financial orders covered on the course
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Course
LPC - Legal Practice Course
Institution
LPC - Legal Practice Course
A chart detailing all the financial orders covered on the course. Use this as your 'cheat sheet' to nail MCQ's or for written questions as this document covers all you need to know about the different orders.
Maintenance Financial Provisions Orders – s23 Property Order for Sale – s24A Pensions Sharing Orders –
Pending suit s22 Adjustment Order – s24B
MCA s24
This is a ‘income’ Periodical Payments: s23(1)(a) This is an order This is an order for one party to sell A pension sharing order can
order. MCA (PP’s paid to a spouse) transferring property specific property they are beneficially be made so that a part of one
s8(3) CSA (PP’s paid to a child) from one spouse to entitled to. spouse’s pension can be paid
Interim order for s23(1)(d) MCA (PP’s paid to the another, or to a child – to the other spouse.
other party to make spouse which is caring for child s24(1)(a) This is a Capital order which will only
payments to the on the child’s behalf) be made once the court has Under s24B MCA
applicant. This is a capital order made one of the following orders: These enable the court to
This is an income order A secured PP divide the pension rights
Only worth doing if It can relate to any A lump sum between the parties at
applicant has no Regular payment to the Applicant. property A property adjustment the time of the divorce
means and onerous (house/car/shares…) order
responsibilities. Can be specified to last till Order cannot take effect until This is a capital order.
death/remarriage of recipient decree absolute.
It will terminate on spouse or a specified event such as The actual sale will not take place
the obtaining of the when the child leaves home (term until a specified event has
decree absolute. order) occurred / period has expired
(example: once essential work
has been done on it)
Will be awarded
based on needs of
the parties.
Can be applied for pre
Form E / filing petition
Lump Sum Order: s23(1)(c) – if A pension sharing
going to spouse / s23(1)(f) – if in compensation order can also
favour of a child. be made – s24B
This is a capital order This is a capital order
Two reasons for making the Order: It will be awarded to a
To adjust the final division of the party who will be
parties’ assets – Lump Sums are compensated for the loss
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