Category: Financial Agreements

What happens to pets in a divorce?

What happens to pets in a divorce? dog and a cat - pets in a divorce

  We are a nation of animal lovers, and since the pandemic, more families have decided to buy a pet. A total of 3.2 million UK households have acquired a pet since March 2020, according to the Pet Food Manufacturers’ Association (as of March 2021) and at the same time, Citizens Advice reports that on […]

Capitalisation of Child Maintenance

Capitalisation of Child Maintenance image of maintenance agreement

  Capitalisation of child maintenance payments does not happen very often; in fact it was described as ‘a rare bird’ in a recent case. The jurisdiction to make an order that capitalises and replaces future payments of periodical payments in favour of a child, called “commutation lump sum,” was recently confirmed by Mostyn J under […]

Breaking up the family assets when a marriage breaks down

Breaking up the family assets when a marriage breaks down woman removing wedding ring

There’s a certain amount of confusion surrounding what happens to a family’s assets when a couple divorces – especially the marital home. Although in many cases a couple can come to an amicable agreement about what should happen to the things that they owned as a married couple, in some cases, if there’s a dispute, […]

Social Media boasts cost in divorce settlement

Social Media boasts cost in divorce settlement social media wine boast divorce settlement

  Social media has much to answer for; and one property tycoon probably rues the day that he shared images of his lavish lifestyle. The tycoon, who was in the process of obtaining a divorce,  informed his ex that she should sell her engagement ring to maintain her way of life, but the images of […]

Musician’s future income declared exempt from Financial Remedy Agreement

Band royalties and future income of artists are not considered as part of a financial remedy order, according to a recent judgement. A recent case heard considered the case of a bass player in a well-known band, whose income from five separate royalty schemes had to be was assessed by experts. The royalties were from […]

Cohabitation Rights – still a long way away

Cohabitation Rights – still a long way away Couple holding hands - cohabitation rights for Gillbanks Law

Family lawyers have been eagerly awaiting new legal cohabitation rights for couples for some time now, but despite the introduction of the Cohabitation Rights Bill to the House of Lords in March 2019, so far there has been little progress in this complicated area of law. Cohabitation is now the fastest growing family type in […]

Sharing financial assets after separation and divorce

Sharing financial assets after separation and divorce sharing-financial-assets

There are a number of big decisions that need to be made when you are separating from a partner or spouse; if you are married, you will need to work out what your financial assets after separation are, and make sure that they are equally and fairly divided. How to calculate the ‘financial asset pot’  […]

Supreme Court decision on payment of extra rental costs

Supreme Court decision on payment of extra rental costs sharing-financial-assets

The Supreme Court recently heard an appeal against an order made in the Court of Appeal, which had increased the amount of money paid as periodical payments to his ex-partner.  The case, Mills v Mills [2018] UKSC 38  involved a couple who had divorced in 2002 following a 15 -year marriage. Originally the finances had been agreed […]

Dobson – vs – Griffey and why you need a cohabitation agreement

Dobson – vs – Griffey and why you need a cohabitation agreement financial-agreements

A recent court judgement has underlined just how important it is for unmarried couples who live together to put a cohabitation agreement in place covering their finances. What you think is ‘fair’ when it comes to property you own as a couple may not be supported by the law. The case of Jacqueline Dobson and […]

Court of Appeal ruling may impact maintenance agreements

Court of Appeal ruling may impact maintenance agreements separating with children

A recent high-profile divorce ruling may have far reaching implications for future payments under maintenance agreements in divorce proceedings. Waggott -vs Waggott, which has been called the ‘meal ticket for life’ case, reached the Court of Appeal recently, where it was decided that the annual maintenance payments Kim Waggott had been awarded for life from […]