You may be someone who gets excited about numbers or it may fill you with dread. Some people find the financial aspect of divorce really daunting, particularly when it comes to working out a budget. In this blog post I explore with Family Consultant and Financial Coach – Kim Crewe how creating a spending plan
In divorce and civil partnership dissolutions one of the powers open to the court is – where circumstances permit – to capitalise spousal maintenance. Capitalisation of a spousal maintenance order simply means rolling future spousal maintenance payments into a one-off payment. Significantly, it does not apply to child maintenance. The court already has the duty
If you are not married and your relationship has broken down there is no legal requirement for maintenance to be paid by one of you to the other. However, if you have a child together you both have a financial obligation towards that child. Child maintenance A parent who does not live with the child
Financial Disclosure is a phrase I use at least daily, sometime more than 5 or 10 times a day. It’s part of my everyday language and sometimes those of us in the family law world forget that those two words may not have an obvious meaning to anyone else. Quite simply, financial disclosure is the
In Part 1 of this blog, I consider the impact of divorce on business assets. In Part 2, I shall consider the potential impact of divorce on others involved in the business and the practical implications that this may have on the business. Throughout this blog reference to marriage, divorce and spouses should also be
Most of the clients I meet with, whether through mediation or to give advice to, whose children are in private education stretch themselves to ensure they can meet school fees. There are not many couples where school fees are met easily from either savings or income. However, the wish to educate their children privately is
Kim Williams, from Kreston Reeves is our latest guest blogger. Kim discusses how your pension could be impacted by divorce and also covers how advice from both your financial advisor and specialist family lawyer can really help in achieving the best outcome. We have recently experienced an influx of clients who want to discuss how
A common issue that arises when people separate is the treatment on divorce of monies advanced by one of their parents to help them get onto the property ladder or to move up the property ladder. Monies are often given by parents either before a party is in a relationship or when a party is
Before addressing business owners and pre-nuptial agreements I felt it may be helpful to revisit some of the general principles that apply in relation to pre-nuptial agreements. What is a Pre-Nuptial Agreement? It is an agreement between two people about to get married/enter a civil partnership which sets out what they want to happen to
In part 1 of this blog series, I looked at what rights you have if your child divorces. We explored how complications can arise if you have provided your child with money to help them purchase their home and they are married (or later gets married) and then the marriage breaks down. As explained in