Finances on divorce
A recent case has highlighted the dangers of divorce for the self employed. If you are a PAYE employee, your annual salary is set out in your P60 and payslips. If you are self-employed, your income is likely to be more complex, and probably, more uncertain. Financial uncertainties can cause problems when trying to resolve…
An FDR is a Financial Dispute Resolution hearing, a meeting held at court for the purposes of negotiation and discussion. It is the second of three court appointments in a financial remedy claim on divorce, in which the couple in dispute must use their best endeavours to reach agreement. FDR are of course also the…
Last month I was invited to talk to a national law firm’s Wealth Preservation team about pre-nups. To talk about pre-nups, you conversely need to start by talking about what happens if there is no pre-nup. What is the default position? The Law Commission started looking at “Marital Property Agreements” in 2009, and decided they…
I have noticed that there is often a difference between clients and their lawyers as to what they think is going to be the most important document in that divorce. A client’s goal is usually to secure the “Decree Absolute”, the paperwork which comes at the final stage of divorce. There is no reason why any…
