A divorcing couple must disclose their assets in order to obtain a legally binding financial agreement about who gets what. However, in many cases, there aren’t enough assets to meet both spouses’ needs and cut backs have to be made. This is often referred to as a ‘needs-based case’. Which ‘needs’ to consider The main ...
When a couple decides to divorce, the division of the assets and finances poses plenty of questions. What will happen to the family home? Where does the law stand with regard to pensions? And what happens to any gifts that were given to one another throughout the marriage and in happier times? Engagement rings, family ...
When you’re going through a divorce, one of the biggest considerations is what’s going to happen with the finances. How will the assets be divided? What are you entitled to? And if you have children, how can you ensure that their needs are met? Whilst 50/50 might be the starting point, this is by no ...
It’s a common misconception that the divorce process also deals with the finances. In fact, the two are completely separate processes. In order to sort out the finances, there must be an exchange of financial information between the spouses. This is known as financial disclosure, and is designed to ensure that both spouses have a ...
Take early advice from a specialist The sooner you can see a specialist family lawyer, the better. Each decision you make could have an impact on your future. Before the divorce process can get underway, their priority will be to protect you financially. They will make sure you have enough money to pay your bills. ...
Do you feel frustrated that you are being denied a say on financial matters? Afraid that you cannot afford to leave? Perhaps you feel worthless from repeated criticism? Or isolated from friends and family? You may live in fear of saying the wrong thing. …
Most people who come to see us for the first time are very nervous about doing so. It is a big thing to accept that your marriage has got to the stage where you feel you need legal advice about a separation. We know how hard it is for you to come and talk to ...
When you are preparing for divorce the things you do in the first few weeks can have a huge impact on your financial future. That’s why it’s important to take advice before you make any decisions that could affect your long-term position. …
Like any form of domestic violence, financial abuse is all about control. Financial abusers rarely limit their controlling behaviour to money and in most cases other forms of abuse will be present in the relationship too. …
It is not uncommon for adultery to be a factor in a marriage breakdown, but most people are unaware of what impact this can have on arrangements both financially and for children. …
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