Without a Clean Break Order in place your ex spouse may be able to claim a share of any money you come in to, whether, for example, that be a new job with increased salary or an inheritance.
Once agreed by the parties, the Clean Break Order is submitted to the Court for approval.
A Clean Break Order may not be right in every circumstance. For example, it may be appropriate for one person to provide financial security until children are grown or until pension payments can be made.
However, that does not mean that you cannot have a Clean Break. Provided you can be certain when a change will occur e.g. when children will finish school, it is possible to have a Deferred Clean Break Order. This is an Order that provides for a Clean Break when certain conditions have been met.
This is also useful where future actions, such as a business being sold, may change an individual’s financial position and mean a Clean Break order may not be the best course of action.