The UK government has said that it intends to review current financial support laws in divorce in England and Wales. The government is set to commission a review of the current laws that govern financial support in divorce proceedings – updating legislation that has been in place for over 50 years. The Matrimonial Causes Act […]
Category: Financial Agreements
Benefits of private financial dispute resolution hearings
Going through separation or divorce can be incredibly stressful. There is a lot to think about, organise, and discuss before finalising separation proceedings. A significant part of these discussions will centre around finances, money, and assets, and this is where we find financial disputes arising. At Gillbanks Family Law, we specialise in all separation, divorce, […]
Financial Reasons Couples Get a Divorce
Money and finances can put a strain on any relationship. Indeed, recent research into reasons for divorce, and from our own experience with clients, money and finance is one of the biggest factors as to why people are moving into the territory of divorce, with one-third of adults reporting money as a source of conflict […]
What to think about when trying to agree a financial settlement
One of the trickiest parts of getting a divorce, once the initial decision has been made to separate, is what will happen to the assets that you’ve built up during the marriage. It’s not always a simple as splitting everything equally; what is fair in a financial settlement? And what needs to be considered? Here’s […]
What rights do cohabiting couples have on breakdown of the relationship? Law Commission proposals for reform around cohabitation still not implemented.
The number of people who choose to live together or ‘cohabit’ rather than marry or enter into a civil partnership has increased by a staggering 144 per cent between 1996 and 2021. There have been moves for legal reform around cohabitation for some years, with some people wrongly assuming that cohabiting couples enjoy the same […]
Pension sharing order overturned following death of one of the parties
A pension sharing order was recently overturned after one of the parties died – despite the executors of her estate opposing an application to set it aside. The couple, who married in 1979 and separated in 2017, had come to an amicable agreement about the husband’s pension from Shell, which was split more or less […]
What happens to 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 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
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 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 […]