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Financial provision for children

Financial provision for children

Financial provision for children

Financial provision for children

Our specialist family team advises on the full range of financial provision which can be made for the benefit of children of married and unmarried couples, pursuant to the Matrimonial Causes Act 1973 and Schedule 1 to the Children Act 1989 (known as Schedule 1).

Child Maintenance

Child maintenance is regular financial support to cover the everyday costs of bringing up a child when parents are separated. The parent who does not have the day-to-day care of the child (often referred to as the ‘non-resident parent’ or ‘NRP’) is obliged to pay child maintenance to the parent with the day-to-day care of the child (often referred to as the ‘parent with care’ or ‘PWC’).

Child maintenance can be agreed privately between parents or assessed by the Child Maintenance Service (known as the ‘CMS’).

Child Maintenance Service

The CMS is a service run by the government to assess and collect child maintenance, conduct an annual review, and take enforcement action against the paying parent if they do not pay.

Child Maintenance Agreements

Parents can agree on child maintenance directly with each other. There are no rules when it comes to agreeing on a private arrangement for child
maintenance. Parents can include whatever amounts, frequency of payments and any other arrangements they wish, providing they both agree.

There is no requirement for parents to record their private arrangements in a child maintenance agreement. However, it is sensible for parents to record their agreement about child maintenance in writing and to amend and update it to reflect any material change in circumstances.

A child maintenance agreement is not a formal binding contract between the parents. However, it can evidence the commitment of both parents to the maintenance of their child during and after separation. In some circumstances, a parent can apply to the court for a written agreement to be converted into a legally binding court order.

Financial orders for children – Schedule 1 to the Children Act 1989

The interface between the family court and the CMS is complex, and the different laws and regulations give rise to difficulties when dealing with finances for children.

The family court has the power to make a range of financial orders for the benefit of children, including the payment of periodical payments (otherwise known as child maintenance) in cases where the CMS does not have the authority to provide a calculation and top-up maintenance in cases where the non-resident parent's gross income is assessed to exceed £156,000 per annum.

The court can also make orders for the payment of school fees and other education costs, for expenses associated with a child’s disability, for a lump sum and for the settlement or transfer of property.

The court is required to consider all the circumstances of the case, and there is no standard formula when it comes to determining the appropriate financial provision for children.

Why choose Sheridans for financial provision for children?

We advise our clients on the appropriate level of child maintenance to be paid in their case and draft child maintenance agreements if child maintenance
arrangements are agreed upon.

We also advise our clients how to apply to the Child Maintenance Service and respond to an application if there is a dispute over child maintenance, the other parent cannot be located, or they are not on speaking terms and do not wish to have contact with each other.

We are child maintenance and Schedule 1 experts. We advise our clients on how to calculate the appropriate level of maintenance for their child and on the full range of financial orders which could be made by the court for the benefit of their child in all the circumstances of their case. We also explain how the relevant factors should be applied by the court and give them the range of possible outcomes if matters cannot be finally resolved by negotiation and consent.

Andrea Plum is accredited under Resolution’s Specialist Accreditation scheme as a specialist family lawyer with specific expertise in financial arrangements for children.

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Divorce, Dissolution, Separation and Nullity
A relationship breakdown that ends in divorce or dissolution can be a challenging and emotional subject to discuss, whether for personal, religious or cultural reasons.
Matrimonial Finances
One of the more complex areas of family law is financial provision following divorce or dissolution of a civil partnership.
Cohabitation
Common law marriage is a myth in England and Wales. As a result of this common misconception, cohabitees can find themselves in financial difficulty if their relationship breaks down.
Agreements
Our expert family team deals with the full range of agreements, including pre and post-nuptial agreements, pre and post-civil partnership agreements, living together, separation and settlement agreements.
International Family Law
Many of our cases cross jurisdictions and involve conflicts of law and cross-border disputes. We regularly advise clients on international issues arising in cases involving finances, agreements and arrangements for children and seek advice from our international network of family lawyers on the application of foreign law.
Enforcement of court orders
Our highly skilled family team assists clients by taking action to enforce court orders in circumstances where there has been a breach.
Child arrangements
We assist our clients in all aspects of private children law, and guide them through, what can often be a very emotional and challenging time.
Adoption
Our specialist family team has a wealth of experience, and supports clients through private adoption with care and compassion.
Surrogacy and parental orders
Surrogacy is one of a range of assisted conception options for people who are unable to conceive or carry a child themselves.
Protective Measures and Injunctions
Abuse and violence within any family is a matter that our expert team handles with utmost care and sensitivity.
Family Mediation
Mediation is a method for resolving disputes which is wholly endorsed by the family justice system and family law practitioners.
Other alternative dispute resolution
Litigating in the family court should be a last resort, but there are cases in which an application is necessary, and court proceedings cannot be avoided. The members of our expert team are highly experienced strategists and litigators, should any family matter reach this point.
Divorce, Dissolution, Separation and Nullity
Matrimonial Finances
Cohabitation
Agreements
International Family Law
Enforcement of court orders
Child arrangements
Adoption
Surrogacy and parental orders
Protective Measures and Injunctions
Family Mediation
Other alternative dispute resolution

Meet the team

Sheridans has a specialist family team which provides advice in all aspects of family law, within a leading media, entertainment and technology law firm. We understand our clients’ needs for discretion, personal and bespoke advice in order to manage highly sensitive family cases.

Our TESTIMONIALS 

‘I found the quality of service outstanding. All of the individuals I encountered were extremely impressive – very on the ball legally and extremely responsive.’

‘Sheridans provides brilliant and balanced advice. It handles its cases with an effortless efficiency and there is an air of reassuring quality when dealing with the firm.’

‘Sheridans has a wealth of experience in all aspects of private family law. It routinely acts for high-net-worth and high-profile individuals such as actors, sports stars and elite athletes, and there is often a significant international dimension to its work.’

‘Nothing is too much hassle, and everything is done promptly. Experienced, thoughtful and professional.’

‘The children/private law practice is first class – they show a real commitment to their clients and are able, with considerable expertise and an excellent knowledge base, to offer the type of service clients need. They offer realistic advice and then drive and persevere to pursue their case.’

‘The team provides a very personal and joined up experience across their different practice areas.’

‘Professional and knowledgeable. Very helpful and concentrates on what is absolutely needed.’

‘The team is well-placed to advise those who are susceptible to press exposure.’

‘The group’s particular expertise lies in advising wealthy individuals on issues such as matrimonial finance and private law children matters frequently with an international dimension.’

About SHERIDANS

Sheridans is a leading media and technology law firm whose lawyers combine in-depth legal and commercial knowledge with breadth of expertise and experience to give unparalleled advice to their clients.