Divorce/separation
Ten top tips for divorce
Everyone wonders what life would be like without enough money. For people facing up to the reality of divorce or the dissolution of a civil partnership, understanding how the finances will work when they are on their own can feel like one of the biggest worries of all. Basic maths tells you that running two…
Read MoreImproving your state pension entitlement
Prior to 6th April 2016 if a couple were going through divorce, or dissolution of a civil partnership it was possible to substitute the National Insurance (NI) record from a former spouse/civil partner if they had a better NI record. Therefore, potentially a non-earning spouse could still receive a full state pension if their…
Read MoreDo I need to use a solicitor for my divorce?
For anyone thinking of agreeing a financial settlement with their spouse and feel it’s not necessary to get legal advice, please read on……….. The case of Vince v Wyatt highlights the importance of ensuring that financial arrangements are incorporated into a Court Order when getting divorced. Kath Wyatt won a settlement against her ex-husband 27…
Read MoreWhy I’m happy to be sexist!
Trading as Wealth for Women and being the author of “The Wealthy Woman: A Man is Not a Financial Plan”, tends to split reaction into two camps. Some women (and men) have found it sexist and patronising. One comment left on my Facebook post recently offering a free digital copy of my book was “I…
Read MoreRelocating children to another country on divorce
What is meant by international leave to remove? An application for leave (ie the court’s permission) to remove a child from the UK to live in another country arises when one parent wants to move abroad with the children following the breakdown of a marriage/relationship and the other parent objects to the proposed move. When…
Read MorePrenuptial Agreements: providing more certain outcomes on divorce
The court’s approach to financial issues when a marriage breaks down in England and Wales: When a marriage breaks down, the divorce court has a very broad discretion and wide-ranging powers to redistribute the couple’s income and assets, so as to achieve a fair financial outcome between the couple. The court’s discretionary powers extend to…
Read MoreChanges to the State Pension 2016. What it means for you.
With effect from 6th April 2016 a number of changes are taking place with regard to State Pension. Anyone who is already claiming their state pension and those who reach state pension age by this date will remain under the existing rules. This group will not be affected by the changes. Those who reach state…
Read MoreDon’t let this happen to you: Protect your future wealth
One of the mistakes I often see during divorce is clients wanting to settle the financial situation without consulting a solicitor. They believe (incorrectly) that a solicitor will automatically want a long drawn out court case and that solicitor fees will rocket. Yes, of course if you instruct a solicitor your legal fees are going…
Read MoreA husband is for Christmas but not necessary for life!
I’m a dog lover and make regular donations to Dogs Trust, which is a charity rehoming abandoned dogs. Their catchphrase is “A dog is for life, not just for Christmas”. I thought a rather tongue in cheek similar phrase for my clients would be “A husband is for Christmas but not necessary for life!” At…
Read MorePension not discussed as part of divorce.
The Scottish Widows Women and Retirement Report 2014 noted that among divorced women 84% said pensions weren’t discussed or they couldn’t remember them being discussed as part of any settlement. This is a similar figure to previous years. This is very worrying. Not because I believe 84% of family lawyers failed to discuss the pension…
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