Divorce – How To Divide Your Financial Assets Fairly

Aside from all the emotional upset and stress, a divorce can be present some challenging financial problems, employing the services of a specialist divorce solicitor is essential.

All relationships are different: some last just a few years, others for many decades. Some couples pool all their resources together, others choose to keep thing very separate. When it comes to separating, this can make things very difficult.

Over the last 20 years there have been significant changes in how divorces are dealt with in the courts. Now, the most common scenario is for all assets to be divided equally between both partners. There is however some room for movement. If couples are able to agree on who should be left with what, the courts are happy to accept this. Another element which is likely to affect the division of assets is children. In most cases the partner who has care of any children produced by the marriage is awarded the larger portion of assets.

One of the most significant changes to divorce legislation in the last 5 years has been the strength gained by prenuptial agreements. Last year there was a fiercely fought test case in the UK. The case involved a couple who had drawn out a prenuptial agreement which stated that an heiress, worth an estimated £100 million, was to retain the majority of her fortune if the marriage ended. After many years, the court eventually ruled that the prenuptial agreement should stand. For couples in the UK this means that based on this precedent, the financial terms of a marriage can be agreed beforehand, safe in the knowledge that it will stand up in court.

Your Best Option

Clearly all divorces are different. Some couples may have lots of assets, others very few. For most couples, dividing financial assets is something that can simply be worked out if, and when, the marriage comes to an end. For those who have more complicated financial assets, a prenuptial agreement may be worth looking into. Using a specialist prenuptial agreement solicitors is essential.

If you do choose to draw out a prenuptial agreement it is very important that you use specialist divorce solicitors. Their specialist experience and understanding of this area of the law will ensure that your agreement will carry the greatest amount of authority should you ever need it.
 

Prenuptial Agreements in the UK Carry More Weight than Ever

Couples have been making prenuptial agreements for a long time. These agreements are most commonly made by those who have significant personal financial assets which they are keen to maintain should their marriage fail.

Though the prenuptial agreement was often drawn out with the help of professional divorce solicitors, they were by no means legally binding. When a couple divorce they often need the help of the courts to… Continue reading...

Key Factors in Executing an Estate

When a friend or relative dies it often falls to one person to deal with administering their estate. All too often this can become very stressful as things take much longer than many people realise.

If you are faced with executing a will or are becoming impatient to find out what you have been left by a loved one, you need to understand that there are many factors which can… Continue reading...

Should It Be Banned? Google AdWords, Trade Mark Infringements and EU Law

There has been a long running debate involving the use of Google Adwords to tempt prospects away from your competitors. This debate has focused on a particular test case in which Marks and Spencer have bid to appear in the search results for the word ‘Interflora’. Unsurprisingly, Interflora are unhappy with this.

What Is Adwords?

Adwords is an ad network controlled by the search giant Google. Companies are allowed to… Continue reading...

Getting A Divorce In The UK – Should You Get Insurance?

Though some may find it depressing, you are now able to insure yourself against divorce.

Over the last few years, an increasing number of couples have chosen to draw up a prenuptial agreement before they marry with prenuptial agreement solicitors. Though in the past these agreements have had some weight in the courts, it is only very recently that they have started to stand as definitive legal documents.

Last… Continue reading...

How to Safeguard Your Inheritance

The generation who are now approaching retirement age will have accrued more wealth than any generation before them. The majority of their working lives will have been during years of financial boom. As a result, their children will stand to inherit more than ever.

Though this means that younger generations should generally be better off in the future, it comes at a time when divorce rates are also higher than… Continue reading...

Protect Yourself By Insuring Your Maintenance Payments

When a couple choose to divorce, it is very common for one of them to take custody of any children that have resulted from the marriage.

Though there are many exceptions, in a large proportion of cases it is the mother that takes custody of the children. In these cases, the courts often require the father of the children to make a monthly maintenance payment to the mother. Though there… Continue reading...

Divorce – How To Divide Your Financial Assets Fairly

Aside from all the emotional upset and stress, a divorce can be present some challenging financial problems, employing the services of a specialist divorce solicitor is essential.

All relationships are different: some last just a few years, others for many decades. Some couples pool all their resources together, others choose to keep thing very separate. When it comes to separating, this can make things very difficult.

Over the last… Continue reading...

What to Do When Cosmetic Surgery Goes Wrong

Cosmetic surgery has never been more popular. It is thought that up to 100,000 people in the UK, both men and women, undertook some form of cosmetic surgery sometime in the past year. This represents a significant increase on previous years.

There are many different reasons for people wanting to undertake cosmetic surgery. In most cases it is based on a strong belief that it will improve their standard of… Continue reading...

Co-Habitation Agreements: Letting You Take Control

Married couples are afforded a certain amount of protection through the UK legal system. They are automatically entitled to a certain amount of their spouse’s assets if their spouse dies without leaving a will as well as being entitled to a fair settlement if the marriage should ever come to an end.

For couples who choose to live together but not get married, there isn’t any automatic protection. Though you… Continue reading...