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Going through a lengthy, drawn-out divorce can take an immense emotional and financial toll. As Noel Gallagher said: Divorce is a long, drawn-out process, so it affects the mood. When the divorce process drags on for months or years, it prevents you from moving forward and starting fresh. You remain stuck in limbo, unable to heal and plan for your…
Going through a divorce is stressful enough without having to worry about what will happen to your business. For business owners, a divorce isn’t just about splitting up the house and bank accounts – the company you built is often one of the most valuable assets on the line. Dividing up business assets like shares, equipment, or property or forcing…
Getting divorced is never easy, but it can quickly become extremely complicated for wealthy couples with substantial assets and investments without proper planning. This is where prenuptial agreements come in – they are critical legal tools that can protect high-net-worth assets and streamline the divorce process when utilised effectively. A prenup allows individuals to safeguard their finances in case of…
Dividing complex assets like businesses, real estate, pensions, and valuable property during divorce can be challenging. Properly evaluating and splitting these assets requires understanding of legal & tax implications, and often professional guidance. The goal of this article is to outline key considerations around complex asset division seen in divorces. With proper documentation, planning, and professional help – spouses can…
Going through a divorce is an emotionally difficult time for any couple, but when substantial assets and intricate financial arrangements are involved – the stakes become even higher. For high-net-worth couples in the UK undergoing a marital split, the financial settlement reached can have major long-term repercussions for both parties. With lavish marital homes, valuable investment properties, complex offshore accounts,…
The team at Fair-Result welcomes the announcement that the Competitions and Markets Authority are to launch an investigation into what they are calling ‘quickie divorces’. The Reality of ‘Quickie Divorces’ Specifically, their announcement talks about – online divorce and these so-called ‘quickie divorce’ services. Which have grown in popularity since the Covid-19 pandemic. These concerns include: Misleading claims about both…
After the family home, pensions are typically the biggest asset to be divided when couples divorce in the United Kingdom. The average pension pot is around £75,500 at age 55 – but can be worth much more depending on factors like the ages of the spouses. With people living longer nowadays, properly dealing with pensions in divorce is critical to…
Divorce is a challenging process, both emotionally and financially. One of the most significant concerns for many individuals is the protection and fair division of their assets. This is a complex area, with many factors to consider, and it’s crucial to approach it with a clear understanding and the right guidance. In this blog, we will guide you through the…
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…
A no-fault divorce is a legal procedure that enables a married couple to end their union without having to establish that one partner was at fault for the marriage’s dissolution. Therefore, neither spouse is required to present proof of infidelity, abandonment, or any other type of marital impropriety. Understanding the no-fault divorce procedure is important for a number of reasons.…