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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,…
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…
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…
We have recently seen a number of high-profile cases in the divorce market where litigation funding (or loans provided to clients to support the funding of their divorce) have been provided by third-party bodies. Such funding provides a client with resources to robustly defend his / her divorce claims, that is clear, but are they relevant and what is the…
Whilst I am relatively new to this divorce world in terms of offering professional advice and services, I am a very quick learner. We have delivered over £0.5m of fees in the past six months – not bad for a new business – settling cases quickly and efficiently, despite the legal profession doing their all to delay negotiation and settlement…
We are proud to be supporting our clients with the best advice available when dealing with divorce. Speaking to many new clients, we almost always discuss the issue of pension provision of each party to the divorce. We get many comments ‘oh there isn’t much in there’ or ‘a pension sharing order will sort me out’ or even worse, I’m not really that bothered…
In any divorce the parties can agree financial division of the marital pot informally between themselves. However, for it to ultimately be biding it needs to be approved by a judge at court. Although you can bring an application for financial remedy years after the divorce it is much more straightforward to deal with it at the time of the…
Well, the system is stacked against us. All of us. It’s complicated, outdated, and inefficient, which is both time consuming and potentially very costly. No, this is not some conspiracy theory. This is just how it is: The divorce system encourages fighting. At its core, divorce is a lawsuit: X versus Y. And lawsuits are fights. Even the formal documents that frame…