When divorcing couples talk about splitting their assets they’re usually referring to the family home. Admittedly this can be a big part of the settlement but there could be a lot more up for grabs if you know where to look.
When it comes to deciding how wealth will be split in a divorce settlement, the law is quite clear that there must be no discrimination between breadwinner and a stay-at-home parent.
The cost of seeking expert legal advice can be such a concern for some people that they delay going to a solicitor until they absolutely have to. This is completely understandable, particularly at a time when your future financial security is so uncertain, but the issue of how you pay your divorce costs is something we can help you with and it shouldn’t stop you getting the support you need. The sooner you get expert legal advice, the better.
1. Protecting your position
Before the divorce process can get underway our priority will be to protect your position by making sure your spouse does not dispose of or hide assets and avoiding setting any precedents that could reduce the amount of the settlement you ultimately receive. You should also think carefully before leaving the family home as this could make it more difficult to say that it should be sold or transferred to you in the longer term. If your spouse has moved out and you are left with the house and the children we will help you to make sure you have enough money to pay your bills.
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.
You may believe that any inheritance you receive is solely yours. However, on divorce, this is not always the case. Inheritance can include property, money, a business or valuable heirlooms such as art and antiques.
Is everything always split 50/50 in divorce? This is possibly one of the most common questions and biggest divorce myths we hear. In reality, there is no set formula when it comes to splitting assets in divorce.
Harrogate Family Law and its founder Andrew Meehan have both achieved the highest possible ranking for family law in the latest legal guide Chambers UK 2018.
No matter how bitter the divorce, few people want to have their future decided by the courts unless it is absolutely necessary and there are a number of ways to avoid going to court.
Harrogate Family Law is marking seven years in business this month, at a time when the firm’s excellence has been recognised by two national guides to the legal profession.
The niche practice, which set out to bring to Harrogate the level of specialist expertise found in large law firms, has been praised by both the Legal 500 and Chambers UK guides, both published this month.