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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…
Divorce can be an emotionally challenging experience. Nevertheless, one of the most essential parts is dealing with asset division. A Property Settlement Agreement is essential for guaranteeing a fair and mutually agreed-upon property distribution. This legal agreement specifies how marital assets will be distributed, including real estate, money, investments, and personal possessions. Addressing asset division early in the divorce process…
Anywhere between immediately after filing for a divorce, to a day before the Final Order, one or both spouses may change their mind. Some couples decide on getting a divorce after years of considering it, others may file for a divorce right after discovering an affair, or there are sudden changes in the relationship. Regardless of the circumstances surrounding the…
We are thrilled to announce that we are the finalists for the “Future of Legal Services Innovation” Award, at the highly regarded Legal Innovation Awards 2023. The event is set to recognise the excellence of innovation from private practice, in-house legal departments, and suppliers across the globe. The results will be announced on the 26th of May 2023. Fair Result’s…
A separation agreement is a legal document a couple reaches once they start living separately. It is used to track the division of financial assets and any reached arrangements regarding children. This can provide you with more certainty about what comes next, and help you secure your financial wellbeing. Additionally, the agreement will help you in any unforeseen disagreements and…
Divorce is a complicated and emotionally draining process that can have far-reaching consequences for all parties involved. The financial aspects of divorce are crucial in the United Kingdom, requiring thorough and precise disclosure of assets & obligations to guarantee a fair settlement. Form E, a comprehensive document that covers each party’s financial status, is a vital component of this process.…
One of the core parts of the divorce process is agreeing on a financial settlement. Especially now, with the introduction of no-fault divorce, it has become more straightforward to get divorced than ever. However, you don’t want to be caught off guard by the future repercussions of a DIY divorce. Securing your financial future should be one of the main…
Divorce is a difficult and highly emotional process that typically has long-term consequences for all parties involved. However, the United Kingdom has made tremendous steps in recent years to lessen the negative impacts of divorce by enacting no-fault divorce legislation. The goal of this move was to simplify the divorce procedures, eliminate resentment between divorced couples, and create a more…
The government has recently published draft legislation and an accompanying policy paper, Capital Gains Tax: Separation and Divorce, proposing changes to the rules relating to the transfer of assets between separating spouses and civil partners. The draft legislation will form part of the Finance Bill 2022-2023 and is due to be implemented with effect from 6/4/2023. The impact of the changes will be…