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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…
Whilst I am relatively new to this divorce world in terms of offering professional advice and services, I am a very quick learner. We have delivered over £0.5m of fees in the past six months – not bad for a new business – settling cases quickly and efficiently, despite the legal profession doing their all to delay negotiation and settlement…
We are proud to be supporting our clients with the best advice available when dealing with divorce. Speaking to many new clients, we almost always discuss the issue of pension provision of each party to the divorce. We get many comments ‘oh there isn’t much in there’ or ‘a pension sharing order will sort me out’ or even worse, I’m not really that bothered…