Tag Archives: divorce and money
When a couple divorce it is necessary to divide their financial assets. This division can be achieved by mediation, negotiation or litigation i.e. Court proceedings. Common to all these forms of dispute resolution is an obligation on the parties to …
Numbers released by the Office For National Statistics earlier this week indicate that the divorce rate has increased for the first time in nearly a decade. 2010 saw an increase of 4.9% as divorces increased from 113,949 in 2009 to …
A study has revealed that one in four divorcing couples fall out over who should be responsible for the debts of the marriage. The figures from Credit Action show that the average couple is in debt by more than £8,000. …
This article looks at some of the important tax issues which can arise in divorce. It does not, of course, offer specific tax advice but attempts to highlight some things to watch out for. As Princess Diana once famously said …
In the recent L v K case the court gave the Husband only £5million out of a £57 million fortune held by his Wife, even thought the parties had been married for over 20 years. The Husband lost his appeal …
The Court of Appeal have re-iterated the principle that pre-marital assets should be ring-fenced on divorce if the needs of the other person to the marriage can be met without recourse to those assets. In the case which was heard …
In the recent High Court case of ND v KP a wife successfully applied, without notice to her husband, for a freezing order over his bank accounts in Switzerland. The parties were involved in financial proceedings following their divorce and …
The Court of Appeal has given further guidance in relation to financial claims being made in England following the conclusion of an overseas divorce. Judgment was handed down in the case of Traversa v Freddi in February, which followed the …
’Dealing with Third Party Property Rights on Divorce’ is one of those areas of law which crosses the boundary between Family Law and Civil Law. Members of our Dispute Resolution Team often work with colleagues in our Family Team in cases …
Following the Budget on Wednesday many people will be reviewing their ‘wealth protection’ measures, including the use of trusts. Exeter Divorce Lawyer Kate Longhurst explains family trusts on divorce… A trust is created when assets are placed under the control of …
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