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One of the biggest questions during divorce is the division of assets. And this process includes mortgages & debt. Even though they aren’t an asset, they still need to be considered during the divorce financial settlement. This may include a house mortgage or a credit card debt. So, what happens to it during divorce and what can you expect? Continue…
Accurate asset valuation plays a key role in any divorce. This phase of the process directly affects how fairly you will be treated in the financial settlement and greatly impacts how financially stable you will be after the divorce. Ultimately, to take action to safeguard your interests and work towards a fair resolution you must be aware of how assets…
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…
Divorce is one of the most stressful and emotional events of your life. It will affect more than 50% of all married couples during their lifetime. It impacts not just on the two parties but on wider families, children and friendship groups. Whilst many younger couples look to cohabit and not marry – and that in itself causes major issues when…
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…
Once you have reached a decision to proceed with Divorce and Separation, it is time to receive professional support. We understand that this is a hard period emotionally and financially. Therefore, we are sharing some of the common questions we get asked by our clients. On 6th April 2022, The No-Fault Divorce Law was introduced to England and Wales, with the 5…
A civil partnership dissolution can be just as challenging as a divorce. Although a civil partnership is different to a marriage, the breakdown of the relationship can still be just as upsetting and confusing to navigate. In today’s blog, we share a complete guide on ending a civil partnership and how you can best prepare yourself. What is a civil…
Leading B2B business publication SME News Magazine has announced Fair Result as the “Most Innovative Family Law Practice (UK) 2023“, of their prestigious Legal Awards programme. The legal industry is a crucial factor of everyday life as we all rely on its steadfast expertise when necessary. The industry is ever-evolving. Being awarded with this accolade proves that we are constantly…
From the 6th of April 2022, no-fault divorce proceedings came into effect. There is no longer a requirement for you to prove the grounds for the breakdown of your marriage. Previously, the reasons were: Adultery Unreasonable behaviour Desertion Living separately for at least 2 years (with agreement) Living separately for at least 5 years (without agreement) Since the introduction of…