Divorce can be difficult no matter the circumstances but when you run a family business together, there are even more complications. It’s important to consider what are the best options for you and your family business if your marriage comes to an end.
If you have been ordered by the court to pay your ex maintenance, there can be serious consequences if you just cut them off. You may feel you have good reason to do so but you will put yourself in a difficult position if you take any action without having specialist advice first.
A husband who is making regular spousal maintenance payments to his wife will understandably question why he is still expected to pay her regular amounts of money when she has moved a new partner in and no longer seems to be having to manage on her own.
When couples who have children together separate, both parents are responsible for contributing financially towards the upbringing of their children, regardless of whether they see their children. Child maintenance is payable for children under 20 and in full-time education.
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.