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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.…
Divorce is without a doubt one of the most difficult life situations that anyone can go through. It can be difficult to navigate the nuances of marriage separation while also dealing with the emotional toll. Fortunately, divorce mediation is a viable alternative to typical adversarial court-based divorce proceedings in the United Kingdom. Divorce mediation is a confidential, voluntary, and often…
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…
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…