Tag "financialarrangements" posts
The truth is, most people don’t get divorced very often, and it’s pretty rare that you will continue living the same lifestyle when you separate. So to fore-see all the things you’ll have to sort out and navigate is tough. It is a vulnerable and worrying [...]
A divorce financial order is a document that makes your agreements about how to split your finances legally binding. It usually has a clause in it that ends any future claims you may have against […] [...]
We often get asked by our customers, whether or not you need to disclose your finances to your spouse if you’re divorcing. This will depend on your individual situation and the nature of your divorce. We have outlined below when financial disclosure migh [...]
A frequent question that comes up with our customers, is whether a sum of money given by a parent to the couple, or one of them in particular, is a gift or loan. Clarity on this matter has been somewhat reached through the judgment passed by HHJ Edward He [...]
We often get asked questions relating to divorce and inheritance, such as ‘what happens if I inherit assets when I am going through a divorce or if I am already divorced? Is my ex entitled to any of it?’. The topic of divorce and inheritance can be quite [...]
If you’re currently going through divorce (or dissolution) proceedings and you are planning on formalising your financial arrangements through a financial remedy order or a consent order, you will need to disclose everything you have in order for the cour [...]
You, like many, might be wondering ‘what happens to debt in divorce?’. Debt refers to a sum of money that is owed or due to another individual or institution. There are many different types of debt and it might surprise you to know that debt is included w [...]
If you have decided to divorce, or dissolve your civil partnership, you and your ex need to decide how to separate, and possibly share, your financial assets. The first step is to provide each other with full details of your income, property, pensions an [...]
A pension sharing order will require one former spouse’s pension provider to give some, or all, of the funds in that pension plan to their ex (the ‘recipient’). A pension sharing order can be made in respect of a pension either before or after it is in p [...]
A Mesher Order forms part of your consent (financial) order and allows you to postpone the sale of the family home until your children have completed their secondary education (sometimes extended to cover their university education). Crucially... [...]
Find out what the new Family Mediation Voucher scheme is, if you're eligible for the £500 mediation voucher and what other alternatives are out there to help with agreeing finances and childcare post-divorce and separation. [...]
If you reached the state’s retirement age before April 2016 and went on to get divorced, you could receive a government boost to your pension. Read the full details below. [...]
The financial side of divorcing and legalising what has been agreed is sometimes called a divorce financial settlement. Here's everything you need to know about the financial settlement or arrangement (or the consent order as it's commonly known)... [...]
Reaching a fair financial settlement often takes centre stage during a divorce or separation and is key in achieving an amicable divorce. For many, a divorce marks not only a change in financial circumstances, but the start of establishing a new relations [...]
Lots of you have been in touch asking about child maintenance payments during the COVID-19 lockdown. There's little official advice other than children under 18 should continue to see both parents and move between their two home to keep the status quo. Bu [...]
If you're negotiating your financial settlement as part of your divorce or separation as well as dealing with Coronavirus (COVID-19), then the anxiety levels can start to feel overwhelming. But don't worry, we are here to help, and have put together some [...]
While breakups are hard, the effects on finances can make the whole ordeal even harder. In the UK alone, around 500,000 people face tough financial times after a split. Housing, divorce costs, and living expenses are just some of the things to consider wh [...]
This blog will help you if you're cohabiting with your partner, have property and are separating/separated. It will explain the difference between Tenants in Common and Joint Tenants when it comes to your rights over jointly held property. [...]
Why create a budget? Knowing what you need to live on will help you make realistic financial agreements as part of your divorce. If you don’t know what you need to live on in the […] [...]
Considering the principles for financial separation of your divorce, before you get bogged down in the detail can save you time, energy and money […] [...]