This is, without question, the most common concern we hear from business owners facing divorce: “Will I be forced to sell my business?” For many entrepreneurs, a business is far more than an asset on a balance sheet. It represents years of effort, personal identity, financial security and, often, responsibility to employees and family members. ...
There’s no doubt that prenuptial agreements are a worthwhile investment. While they’re not legally binding in England and Wales, they can be highly persuasive when it comes to dividing any assets in the event of a divorce. Some people struggle with the concept of prenuptial agreements, seeing them as ‘unromantic’ and promoting a pessimistic view ...
Is there such a thing as a straightforward divorce? Very often, separating couples have high hopes that their divorce will be simple, amicable and anything other than drawn out. In our experience however, that’s rarely the case. Even in the most non-contentious of circumstances, there are the inevitable bumps in the road. It’s just one ...
From houses and cars to business investments, there are a number of reasons you may wish to provide a financial gift for your child. In fact, according to recent figures from the Institute for Fiscal Studies, parents are set to give around £17bn in gifts and informal loans in 2023 alone. But what happens when ...
When it comes to divorce, the division of the assets and finances is often the most contentious issue. Negotiating who gets what, how much, and for how long isn’t always straightforward, particularly if there’s a family home, a business, or complex pensions to consider. Sometimes, it’s not possible to reach an agreement without the intervention ...
If you’ve entered the new year recently divorced or separated, you may feel intimidated by the thought of having to handle the future on your own. This is especially true if you’ve suddenly come back into the driving seat when it comes to managing the finances. During a marriage or relationship, it’s not uncommon for ...
As we prepare to celebrate another Christmas, many people will be looking forward to some well deserved time off with friends and family. However, if you’re contemplating a separation or divorce, or you’re trying to repair a fractured relationship, Christmas can very often lead to additional pressure, and a level of stress and conflict that ...
Trust and openness are essential to any healthy relationship. That applies to anything you might have to deal with as a couple, including money. Whilst we’re all familiar with the concept of infidelity, financial infidelity is something you may not consider when it comes to your relationship. Financial infidelity can range from excessive spending to accumulating ...
When it comes to divorce, what will happen regarding the finances is a big deal. It can be very difficult to remain objective when your future could be dependent on the outcome of negotiations taking place during your separation. This is reason enough to have expert legal advice. No matter how civil your divorce is, ...
Self-employment has been a growing trend in the UK for some time now. As of January 2022, there were approximately 4.19 million self-employed workers in the UK, many of whom will be at the helm of successful businesses. But what happens during a divorce when there's a business involved?* Here, we take a look at ...
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