What Comes First Divorce Or Settlement?

What Comes First Divorce Or Settlement

What Comes First Divorce Or Settlement?

The answer is they should be going on at the same time.

But it’s often wise to delay finalising the divorce until the finances have been sorted out. So if you’re in a hurry to divorce see my recent blog.

How Much Will The Divorce Cost?

The Court fee is £550.

If you need help from a solicitor with the forms a “pay as you go” deal is the answer. This means you ask a solicitor for advice when needed, and limit the expense. But if you hand your divorce over to a solicitor, make sure you know how much they’re going to charge. If you do the divorce yourself without legal advice mistakes can be made. And if a solicitor has to unravel them this will make your divorce more expensive.

What Are The Grounds For Divorce?

“Irretrievable breakdown” – and you have to rely on one of five reasons:

  • Adultery
  • Unreasonable Behaviour
  • Desertion
  • Two Years Separation With Consent
  • Five Years Separation Without consent

Unsure which to go for? For more details see my blog on the subject.

Can I Do The Divorce Myself, Or Do I Need A Solicitor? 

Yes you can do it yourself.

But don’t be afraid to ask for help to avoid mistakes being made on the papers (and the Court sending them back). A common problem is service, or forgetting to tick an important box, or failing to grapple with legal definitions of residence – a complication if you’re an international family.

A solicitor can also help if your other half is not acknowledging the proceedings.

How Long Does It Take?

Usually about four months but there can be pitfalls – see my recent blog.

How Is The Divorce Settlement Worked Out?

The starting point is equal division. But various factors are taken into account including:

  • The Children’s Welfare
  • Income and Earning Capacity
  • Financial Needs
  • Standard Of Living
  • Your Ages, And Length Of The Marriage
  • Physical Or Mental Disabilities
  • Contributions To The Marriage

It’s an idea to take advantage of free advice from experienced family law solicitors. Advice is important if there are:

  • Disagreements about children
  • Disputes about property
  • Valuable property
  • Assets with significant values, such as a pension or an inheritance, you’d like to protect. See my blog on ring fencing
  • Businesses need special care. See my blog on steps to be taken
Did you know there are different rules for Short Marriages?

Do I Need A Consent Order?

It’s a good idea. Because if one of you changes your mind, or if one of you comes into money, there’s no going back for a second bite of the cherry. And it’s relatively simple for a solicitor to draw one up. But remember to ask for a fixed fee quote.

What Comes First Divorce Or Settlement?

Contact  Joanne Houston on 01962 217640 for free advice about what comes first divorce or settlement. In this 20 minute session we will review your situation and how you can achieve your objectives.


JUST FAMILY LAW are specialist divorce and family law solicitors offering personalised legal solutions. We offer collaborative law which is especially relevant in providing solutions tailored to your family’s needs. This includes same sex couples and their families. Visit our website just-family-law.com The topics covered in this blog post are complex and are provided for general guidance only. Therefore if any of the circumstances mentioned in this blog have application to you, seek expert legal advice.

 

image Sad Lucy by Tim Dawson on Wikimedia Commons

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My Husband Has Left Me What Are My Rights?

My Husband Has Left Me What Are My Rights?“My husband has left me, what are my rights?” This is a question I am asked only too often. Because in the immediate aftermath of a break up there’s a lot to worry about. And it’s not just the emotional fall out – which is bad enough – but the finances too. And particularly if you are the prime carer of the children, and don’t have immediate access to income to keep the family and the home afloat. It can all seem a bit of a nightmare.

Let Me Give You An Example Of The Issues

Judy comes to see me. Her husband, Richard, has discovered she’s having an affair with her Pilates instructor. Richard has left her and says she won’t get a penny of his money. He’s a high earner, and she’s at home looking after their two small children. Richard has his yacht and Ferrari up for sale and has threatened to move all his money abroad. He owns the family home in his sole name and has sent round an estate agent who says it’s going on the market.

Can Judy Stop Richard Selling The Family Home?

Yes. Judy can protect her right to occupy the family home.

She or her solicitor can send an application to the Land Registry for registration of a Notice of Home Rights. Indeed anyone who is not a joint owner should register their home rights as quickly as possible if their marriage has broken down.

Can Judy Stop Richard Selling His Yacht And His Ferrari And Moving All His Money Abroad?

Yes, Judy or her solicitor can make an urgent application to the Court to freeze Richard’s assets.

Can Judy Get Maintenance From Richard On An Emergency Basis?

Yes, Judy or her solicitor can make an application to the Court for maintenance pending suit (sometimes called interim maintenance).

Can Judy Get Maintenance From Richard To Enable The Family To Remain In The Family Home?

Judy will need to use the Child Maintenance Service to get payments for the children. As for ongoing maintenance for herself, that depends on both her and Richard’s financial situation.

Can Court be Avoided?

If Richard calms down and agrees to negotiate, or to mediate, or to use collaborative law, there’s no reason why this has to go to Court.

Although as mentioned above, registering a Notice of Home Rights is always advisable where the family home is not in joint names.

My Husband Has Left Me What Are My Rights?

Contact  Joanne Houston on 01962 217640 for free advice on your rights. In this 20 minute session we will review your situation and how you can achieve your objectives.


JUST FAMILY LAW are specialist divorce and family law solicitors offering personalised legal solutions. We offer collaborative law which is especially relevant in providing solutions tailored to your family’s needs. This includes same sex couples and their families. Visit our website just-family-law.com The topics covered in this blog post are complex and are provided for general guidance only. Therefore if any of the circumstances mentioned in this blog have application to you, seek expert legal advice.

 

image Munaza in a thoughtful look and mood by Rangbaz on Wikimedia Commons

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High Net Worth Divorce Settlements – 6 FAQs

High Net Worth Divorce Settlements
High Net Worth Divorce Settlement

High Income? Valuable Pension, Business, Inheritance, Investments or Property?

Consult a Solicitor who specialises in high net worth divorce settlements or you could lose out. Why? Because couples involved in valuable divorces must navigate complex issues. These include:

  • identifying matrimonial and non matrimonial property
  • the pros and cons of ring fencing (see my recent blog on this topic)
  • the burden of taxation
  • obtaining appropriate valuations
  • clawing back hidden assets

A specialist Solicitor can undertake this work on your behalf. And you don’t necessarily have to incur the huge expense of going to Court. Whether by negotiation, collaborative law or mediation, it may be possible to achieve a bespoke out-of-Court financial settlement.

In this blog I look at some frequently asked questions:

How Are High Net Worth Divorce Settlements Calculated?

Equal Division Or “Needs” In High Net Worth Divorce Settlements?

When Do “Needs” Override Equal Division?

How Are “Needs” Defined and Calculated in Stellar Contribution Divorces?

Need A Guide To Protecting Your Fortune?

Where Should You Start Your High Net Worth Divorce?

How Are High Net Worth Divorce Settlements Calculated?

The starting point includes the following considerations:

  • Resources of the couple
  • Their needs
  • Standard of living of the couple during the marriage
  • Their respective contributions to the family

Equal Division Or “Needs” In High Net Worth Divorce Settlements?

The starting point for division is equality, as laid down in landmark case White v White. 

Mr White said he created the family’s wealth including two farms worth in excess of £4m. He therefore claimed Mrs White was not entitled to an equal share. But the Court stated it would consider Mrs White’s entitlement beyond her immediate needs.

When Do “Needs” Override Equal Division?

Division can be unequal in high net worth divorces. This is where there has been a special, or what is called a “stellar”, contribution by one party who has an “exceptional and individual quality”. See my recent blog on Ryan Giggs’s divorce

Why is this distinction made? Because the Court says it is unjust for an immense fortune amassed by one spouse to be shared with the other. Consequently the concept of stellar contribution only applies in very special cases.

How Are “Needs” Defined and Calculated in Stellar Contribution Divorces?

The term “needs” includes income and capital, present and future. In addition it includes the provision of a home, and sufficient income or capital for old age. In simple terms, if there’s a lot of money around when you’re married, there’s likely to be a lot of money around after you divorce.

Need A Guide To Protecting Your Fortune?

Because even if your case doesn’t fall into the “stellar” contribution category, you may have high net worth assets to protect. Hence my recent blogs will assist you:

Ring Fence and Protect Assets on Divorce

How to Protect Your Inheritance on Divorce

How to Protect Your Business on Divorce

And did you know different rules apply to short marriages?

Short Marriages – 10 Things You Need To Know

Where Should You Start Your High Net Worth Divorce?

It probably depends on your point of view. There is evidence Judges in London are more likely to:

  • consider an equal division of assets, and
  • make open ended orders for the payment of maintenance.

Contact  Joanne Houston on 01962 217640 for free advice on the special considerations relevant to high net worth divorces. In this 20 minute session we will review your matrimonial financial situation and how you can achieve your objectives.


JUST FAMILY LAW are specialist divorce and family law solicitors offering personalised legal solutions. We offer collaborative law which is especially relevant in providing solutions tailored to your family’s needs. This includes same sex couples and their families. Visit our website just-family-law.com The topics covered in this blog post are complex and are provided for general guidance only. Therefore if any of the circumstances mentioned in this blog have application to you, seek expert legal advice.

 

image Garrett Tonge, his own work, on Wikimedia Commons

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Quick Divorce or Safe Divorce? How To Protect Your Financial Settlement

Quick Divorce1. How Quick Is A Quick Divorce?

Need a quick divorce? It usually takes about four months to end a marriage if the divorce is uncontested and there are no mishaps with the paperwork along the way. This may not sound particularly quick, but did you know you risk missing out financially if it goes even this quickly?  (see question 3 below).

To avoid mishaps with the paperwork take a quick look at our recent blog here.

2. Why Can’t A Quick Divorce Be Quicker?

Because there’s a strict timetable for the Court paperwork.

Documents have to be completed by you, your other half, and the Court. You will need to supply the reasons for your divorce (our recent blog can help). And even when you’ve dealt with all the paperwork and you’ve got your Decree Nisi, you will have to wait six weeks and one day before applying for the Decree Absolute (which ends your marriage).

And did you know there are special rules for short marriages? Click here to read our recent blog on this subject.

3. Why Would Anyone Want To Delay Their Divorce?

Because you could miss out on a fair share of the matrimonial finances.

If your other half dies after the divorce but before you have a Court Order confirming the financial settlement, you could lose out because you won’t be their widow or widower. And you could miss out on a fair share of their pension.

4. When’s The Ideal Time To Finalise A Divorce?

When the Court has made an Order confirming your financial settlement.

This doesn’t mean you have to go to Court for a big fight about money. After all, you may be in agreement about everything, or maybe there are just one or two things outstanding. Whatever the case is, get a quote from a family solicitor to help you with a Consent Order.

5. What Is A Consent Order?

It sets your financial settlement in stone.

Once the Court has made the Order, your other half can’t change their mind. And if you come into money, your other half can’t claim it. You can now apply for your Decree Absolute knowing your interests are protected.

6. Quick Divorce Or Safe Divorce?

It’s up to you. But make sure you take expert legal advice if you have any doubts.

Contact  Joanne Houston on 01962 217640 for free advice on divorce. In this 20 minute session we will discuss with you what’s been going wrong, and advise you of the most suitable wording for your divorce petition, and whether or not you require a Consent Order.

 


JUST FAMILY LAW are specialist divorce and family law solicitors offering personalised legal solutions. We offer collaborative law which is especially relevant in providing solutions tailored to your family’s needs. This includes same sex couples and their families. Visit our website just-family-law.com The topics covered in this blog post are complex and are provided for general guidance only. Therefore if any of the circumstances mentioned in this blog have application to you, seek expert legal advice.

image: Thomas Wolf, www.foto-tw.de / Wikimedia Commons / CC BY-SA 3.0

 

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