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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…
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…