For many people going through a divorce, the question of the financial settlement is understandably a key concern. While the initial reaction to hearing that your partner intends to separate may lead to feelings of upset, confusion and anger, once the emotional
Former partners have the right to claim a stake in anything from their ex’s business to a jackpot win unless the correct legal procedures have been followed to ensure full protection. Without a financial order in place – which includes a clean
Prenuptial agreements, often referred to as ‘prenups’, are legal documents that a couple signs before they get married or enter into a civil partnership. These agreements set out the ownership of the couple’s income, property and assets, and how these will be
One of the largest components of any divorce is the issue of the family home. With over 1/3 of all households having a mortgage, and many divorcees also having the odd rental property or two – the case of mortgages is always high on
In the context of marriage, a business’s worth and its revenue are regarded as a potential asset. However, this does not imply that the court will mandate the sale of the business. The court acknowledges that the business generates income and losing
Agreeing a financial settlement is a huge milestone during the negotiation process of a divorce. It is advised that separating couples obtain a financial order that sets out this settlement, as whilst this is not mandatory, it will make this agreement legally
The recent announcement by the Chancellor to release the pension cap and the annual contribution limit was seen by many as a tax break for the rich. However, the major beneficiaries of this change was those people in the Public Sector with
One of the core parts of the divorce process is agreeing on a financial settlement. Especially now, with the introduction of no-fault divorce, it has become more straightforward to get divorced than ever. However, you don’t want to be caught off guard by the
When considering divorce the first question people often ask themselves is “how long will it take and where do I start?” Whilst this will most likely be one of the most stressful periods of your life, with very sensible and practical considerations,
On the 20th of July 2022, the government announced their plans to change the rules that apply to the transfer of assets between spouses and civil partners who are in the process of separating. The changes will be in effect from the
A pre-nuptial agreement or ‘pre-nup‘ is a bespoke legal document which sets out how parties agree their finances should be dealt with in the event of a future divorce, which often includes an element of preserving or ring-fencing assets. Pre-nuptial agreements are not currently binding in
But are they “legal”? Thank you for getting to the third part of this blog. Having come this far, you’ve come to terms with: – Why the Pre-Nuptial Agreement may not be as cheap as you’d hoped (typical of reputation of Lawyers
