Separating from a partner could have a big impact on your finances, especially if you relied on their income during your relationship. That’s why we’ve prepared some advice on how to handle your money after divorce! Spousal & Child Maintenance The first thing to consider is whether you must pay spousal maintenance or whether you will be receiving spousal maintenance;…
First and foremost, it is very important to deal with pensions during divorce correctly. They can be amongst the most valuable assets in a divorce after the value of the former matrimonial home. Also, it’s important to bear in mind that not only are pensions valuable, but one party in the divorce may have a larger pension pot than the…
The beginning of every divorce is different. Just like everything in matrimonial family law and the treatment of finances in divorce. Every case is different and often depends on the individual circumstances of each case. The court will generally have considerations about the size of the inheritance, when it was received, how it has been dealt with during the marriage,…
Many of you will know that fair-result has developed and introduced a fixed fee divorce service for ALL aspects of family law, including the financial settlement – the area where costs tend to climb out of control. Our fees are not based on the size of the marital pot, it’s purely on our case-by-case assessment of the complexity of the…
The much anticipated no-blame divorce is planned to be introduced in less than one month’s time and no, it’s not an April Fool’s Day joke. Whilst the terminology has changed, it really isn’t a major adjustment that everyone was expecting. Removing the often-unhelpful divorce approach of ‘unreasonable behaviour’ or ‘adultery’ that often causes unnecessary stress and aggravation. Besides that, little…
Spousal maintenance payments (also known as periodical payments) require one spouse to make regular payments (typically monthly) to their former spouse for either a fixed period of time, indefinitely until death or until a certain event in the future (for example, until the recipient remarries or cohabits). When a spousal maintenance order has been made by the court, it is…
If you have been through the emotional rollercoaster that is the divorce process, you’ll be keen to start your new life. But what do you need to do to finish your divorce admin? Your decree absolute First, get a copy of your decree absolute and any consent order that has been filed. Also, keep a copy of the original marriage…
The long-awaited Act for “no-fault” divorce was passed in June 2020. It is now due to become law on 6th April 2022. The new legislation takes away all elements of pointing the blame in divorce, which have previously caused so much polarisation between couples and often leads to children becoming pawns in the middle. Couples will be able to apply…
It’s impossible to put an exact figure on the costs of divorce proceedings in the UK. As each case is different and turns on its own fact. Although, it is generally accepted that an average divorce runs over £15,000, excluding court fees and property transfer costs once the divorce is concluded. Where do you start to reduce costs during divorce…
Unreasonable behaviour is one of the 5 grounds for divorce used in the United Kingdom. It is the most common by far – close to 50% of all divorce applications are filed on the grounds of unreasonable behaviour. Even though, it’s used the most – it arguably has the biggest drawbacks to the individuals divorcing. Unfortunately, not much will change…