Divorce/separation
What happens to business assets on a divorce?
If you and your husband are divorcing and he has significant assets and money within his company, can these be taken into account as part of the financial negotiations? If you’ve heard the outcome of the recent case Petrodel v Prest you may be inclined to think that they will automatically be included. However, this…
Read MoreDealing with pensions and finances on divorce
For many couples who are going through a divorce, the pension may be the 2nd biggest asset after the family home. It’s therefore vital that professional advice is taken as to what options are available for the pensions and which option is the most appropriate for you, your circumstances and your goals and priorities. I…
Read MoreHow I saved my client £50,000 with her divorce
Divorce can be both a stressful and costly experience. Someone going through a divorce will always recognise that they need to pay solicitor fees. However, they may feel less comfortable paying for financial advice. This may be because sometimes the financial adviser only gets involved at the end of the process and by then the…
Read MoreAphrodite Angels
Aphrodite is the Greek goddess of beauty, love, and sexuality. Some may remember this from their schooldays. But here’s a little teaser for you: do you know who Aphrodite Angels are? Don’t worry if you don’t recall hearing about the Angels from school. This is infact a service set up by Sarah Wadham to help…
Read MoreWhat if you’re a stay at home mum and getting divorced?
It’s easy to think that you’ve stayed at home during your marriage bringing up a family, whilst your partner has gone out to work, that this will impact on the financial settlement you will receive when you are divorced. Since the partner who worked earned the money doesn’t it mean that he gets a greater share of the matrimonial…
Read MoreWhat mortgage will you be offered following divorce?
Mothers who work part time or work in a low paid job to be able to fit their job around general child care, will often struggle after divorce to be eligible for any reasonable sized mortgage from a bank or building society. . Even if your partner has left the marital home and you have…
Read MoreGetting Financially Ready for Divorce
Nobody wants to be faced with divorce. It is a challenging time in anyone’s life. When the rest of your world may feel out of control, it is important to take control over the things you can control. Getting financially ready can help you to feel more confident and stronger to deal with what lies…
Read MoreWhat is that thing called collaborative law?
Separating and divorcing couples can now deal with issues arising upon the breakdown of their relationship by a process known as Collaborative Law. This process involves both parties signing up to an agreement which states, amongst other things, that they will not make an Application to the Court to deal with resolution of issues between…
Read MorePensions and Divorce: Pension sharing/splitting
Pension sharing is available where divorce proceedings began on/after 1st December 2000. The court will split the pension fund between the 2 parties, and the relevant part will be transferred from the scheme member to a pension fund in the name of the ex spouse. The scheme member’s pension is reduced by the value of…
Read MorePensions & Divorce – earmarking
Earmarking was introduced for petitions for divorce filed on/after 1st July 1996. Under this method the court allocates a specified portion of the scheme member’s lump sum, death benefits and income entitlement to the ex spouse. This is evidenced by an order from the court to the trustees. The ex spouse will then receive the…
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