The pension reforms which came in in April 2016 enabling pensioners to cash in their pensions can have a significant impact on couples who opt to divorce later in life.
There’s a general assumption that hiring a family law expert is expensive and there’s always somebody who knows someone who has a horror story about how much their divorce solicitor cost.
Before divorce papers can be served and the divorce process set in motion you will have sat down with your solicitor and discussed your situation in depth. This is an important first step because it allows you to think about the outcome you want to achieve and make sure you are prepared for the road ahead.
More and more unmarried couples are buying a home together before marriage, or without any plans to marry, but few are aware of the steps they should be taking to protect themselves if the relationship fails.
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.
Tax may not be at the top of the list of priorities for couples going through separation and divorce but it is extremely important to consider the tax implications as early as possible to avoid the taxman taking too large a share of your financial settlement.
Harrogate Family Law has been ranked as a leader in its field by Chambers UK 2018, a top authority on the legal profession.
The announcement comes following the completion of research for the Chambers UK 2018 guide ahead of its publication in the autumn.
The number of couples divorcing after their children have flown the nest has never been higher.
There are many factors prompting people to start a new life at 50 or 60 plus, not least a desire to enjoy life rather than endure it, a philosophy the baby boomer generation has been brought up with.
But what if your divorce has been prompted by your partner’s decision to start again and the desire to re-invent yourself isn’t there?
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.
There are three different ways to deal with pensions on divorce – pension attachment orders, pension sharing orders and offsetting. It’s important to choose the right option for your circumstances or you may lose out financially.