The breakdown of a marriage in any family is an upsetting and emotional experience for those involved. However, the ramifications and financial upheaval can be considerable and far reaching where a divorce affects a family farm. There are few other occupations where
It is easy to see how getting divorced can have a negative impact on an individual’s finances, whether it be those of the wife or the husband. Having two houses and cars to pay for and run, where once there may have
Divorce or separation can cause significant personal upheaval, but dealing with important practicalities can prevent difficulties becoming worse. Unfortunately, more than 40% of UK marriages end in divorce.1 While divorce and separation can be emotionally and psychologically damaging, they can also come
When it comes to divorce, pensions are treated just like any other asset. However, unlike bricks and mortar, it can sometimes be difficult to establish whether a pension exists and what it might be worth. This can become even more difficult in
There is no doubt that experiencing a divorce can turn your life upside down, both emotionally and financially. For many, it is a devastating and traumatic event that can be messy, protracted and expensive. Managing your finances after a divorce can, therefore,
Data on UK divorces, released this week by the Office of National Statistics, announced that that the average age at divorce is continuing to rise; for 30 years, from 1985-2015, the average age at divorce has increased by over eight years. The
From Monday 19th June 2017, divorce applications and financial applications (following a separation) will be separated in the eyes of the court. The president of the Family Division recently confirmed that following a successful pilot scheme, courts in England & Wales will
Along with dwindling annuity rates and the demise of defined pension schemes, it is a fact of life that divorcees’ retirement incomes are inevitably lower than those of non-divorcees. A further downside is that from April 6, 2016, thousands of people who
If you’re considering going through a divorce, often one of the biggest worries will be the overall cost associated with the process. After all, divorce has always been famous for its price tag. But what does the price entail? Aviva estimates the
Aviva estimates the overall cost of a divorce at nearly £44,000 – or £21,979 per partner to be precise. That seems like a whopping amount. However, the cost of legal fees per person on average makes up just £1,280 of that total.
Jacquie Birkett, a divorce solicitor and former chartered accountant, who is head of Family Law at Lancashire based law firm, Barber & Co Solicitors, has spoken out in an interview about why getting a financial settlement at the same time as divorce
The case of a successful energy trader – who is appealing against a High Court decision to award almost half of her £7m fortune to her adulterous ex-husband – is sparking concerns among divorcing couples. The outcome of Julie Sharp’s Civil Appeal
