Divorce/separation
The Financial Settlement: What’s involved?
The Financial Settlement The financial settlement is a separate process to the dissolution of the marriage. Although they are often done at the same time there is no legal mechanism to compel people sort out their financial matters with the divorce. One party can force the other to sort out financial matters by making…
Read MoreThe Divorce Process
The Divorce Process Divorce is the ending of the marriage. Sorting the finances is a separate issue. It is not unusual for the legal process to be finalised before the financial settlement. However, since some provisions cannot be altered after the Decree Absolute this part of the process is often delayed until all issues are…
Read MoreAre you entitled to a fair share of the assets on divorce?
It’s not unusual that when there are children in the marriage that the wife earns less than the husband. She may be a stay at home mum or earn a lower income simply because she works fewer hours in order to be able to cover childcare. It’s also quite usual that if your family budget…
Read MoreWhat lifestyle will you lead after your divorce?
Following divorce it’s very likely you will want to maintain the same lifestyle as you enjoyed during your marriage. If there are sufficient funds to go round that’s likely to be the outcome. However, consider what will happen if there isn’t enough money. The same income that was being used to support one household during…
Read MoreAlternatives to court for your divorce
As mentioned in “Should I use a solicitor for my divorce?” instructing a solicitor does not automatically mean you will end up in court with protracted, drawn out divorce proceedings. There are a number of other alternatives, and which one of these is best for you depends on your individual circumstances. Below I’m briefly going to…
Read MoreShould you use a solicitor for your divorce?
If you and your husband are getting on well, or you have a limited budget, you might think it’s a good idea to want to sort the divorce yourself, without instructing a solicitor. A DIY divorce will be cheaper than using a solicitor in the short term, but may infact be more expensive in the…
Read MoreDo you bury your head in the sand regarding your finances?
I have some clients who come to me feeling almost shell shocked their husband has asked for a divorce. In many instances these women weren’t even aware there was a problem in their marriage. Some clients come to me and they’ve known for a long time their marriage wasn’t right, they weren’t happy, but they…
Read MoreHow to protect your pension share on divorce
The process for agreeing a financial settlement on divorce can go on for many months. Financial information is made available at the beginning of the divorce process, but what happens when these values change? This is particularly relevant for any stock market investment, which will cover pensions, Isa, unit trust, investment trust or bonds. There…
Read MoreCase study: Consent order on divorce
A consent order is a financial contract between the 2 divorcing parties that sets out the financial obligations arising from their marriage. The contact is legally binding and enforceable. I am working with a client who was awarded a consent order several years ago as part of her divorce negotiation which required her ex husband…
Read MoreHow to split your finances on divorce
I am working with a client at the moment who’s going through separation from her partner to calculate exactly what capital sum she needs now to cover essential expenses for her and her children. The brief details are that the couple are divorcing and the house is being sold. The house is the main asset…
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