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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 the agenda in any divorce. Whilst a large majority of people are on fixed rates, a…
Whilst 80% of our cases never see a formal Court process in the context of a FDA, FDR, or Final Hearing there are always a few where the Court gets involved. Never the ones with the most assets to argue about but more often than not, there is a lack of truth or a total absence of trust between the…
Divorce brings forth numerous questions, especially when it comes to financial matters and settlements. In this blog post, we’ll answer some of our frequently asked questions to provide clarity and guidance during this challenging time. Read on to find answers to important questions about finances and divorce settlements. How are finances split in a divorce? The division of finances in…
Going through a separation or divorce is never easy, and one of the most challenging parts of this process is dividing up the financial assets and belongings accumulated throughout the relationship. In the UK, the process of reaching a fair financial settlement is governed by family law. In today’s blog, we will provide you with a comprehensive guide on how…
Divorce can bring significant financial challenges, including the division of marital debts. In the UK, determining how to fairly allocate debts between divorcing spouses is an important aspect of the process. This blog will provide you with a comprehensive guide to navigating the division of marital debts in a divorce. Understanding marital debts Marital debts usually include any debts incurred…
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 binding. Some lucky couples can decide on how to divide up their assets, agreeing their financial settlement without…
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 6th of April 2023. The new Capital Gains Tax (CGT) measure aims to make the process fairer for…
The government has recently published draft legislation and an accompanying policy paper, Capital Gains Tax: Separation and Divorce, proposing changes to the rules relating to the transfer of assets between separating spouses and civil partners. The draft legislation will form part of the Finance Bill 2022-2023 and is due to be implemented with effect from 6/4/2023. The impact of the changes will be…
We have recently seen a number of high-profile cases in the divorce market where litigation funding (or loans provided to clients to support the funding of their divorce) have been provided by third-party bodies. Such funding provides a client with resources to robustly defend his / her divorce claims, that is clear, but are they relevant and what is the…
Another Divorce Settlement success at Fair-Result. We were commissioned by a husband, two weeks ago, after a two-year acrimonious divorce which was getting nowhere. £200,000 down the drain, facing the prospect of another £100,000 in fees for the final hearing. That’s when we took over the case. Putting to work our unique blend of financial and legal skills, within a…