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Tag Archives | divorce
High earning wives ‘bullying’ men out of generous divorce settlements

According to a recent report in the Telegraph, more men than ever are receiving generous payouts from the divorce courts, with some also securing ongoing monthly maintenance from bread-winning wives.

This is likely to be an increasing trend, with women earning higher salaries and often being the main earner in a family. The Institute of Public Policy Research states that for 1 in 3 UK families, it is the wife who is the higher earner.

Childcare issues following divorce or separation

Relationship breakdowns are often more challenging where there are children to consider. The children rarely understand why their parents must live apart and have difficulties themselves coping with the changes. Resolving issues such as where your children will live and how you’re going to care for them now you are separated can be a minefield.

The potential complexities surrounding childcare have featured heavily in the media as, following his recent and very public split from Angelina Jolie, actor Brad Pitt is seeking joint custody of their six children.

A word of caution to the ‘Bank of Mum and Dad’.

With parents and grandparents looking to help their grown up children in whatever way they can, it has become increasingly common for first time buyers to turn to the ‘Bank of Mum and Dad’ (or Grandma and Granada) for help in raising the required mortgage deposit. Indeed according to the Council of Mortgage Lenders around 80% of first-time buyers aged under 30 are receiving some form of financial help from their parents.

Pre-nups to become legal

Aiming to reduce the number of Court battles between divorcing couples, new proposals being introduced by the Law Commission are set to enshrine prenuptial agreements in law. The changes are set to revolutionise the divorce process in England & Wales, with couples being able safeguard their assets in the event of a relationship breakdown. The…

Religion and Divorce

There were reports in the press last week that a British woman tried unsuccessfully to sue her former solicitors for negligence due to the fact that they failed to advise her that finalising her divorce would inevitably cause her marriage to end. The response from the general public on Twitter and other online channels seems…

Divorce – what about the children?

I had a meeting with a new client this week which brought the bitter reality of a couples’ separation and the impact it has on their children, sharply into focus.During that first meeting, the recently separated wife held her emotions in check, giving me succinct, detailed information about her marriage and the family finances right…

Debt problems fuelling divorce among older couples?

A recent report from Age-UK and the International Longevity Centre suggests that elderly couples who struggle with debt are twice as likely to experience a marriage breakdown as couples who are financially secure. That financial difficulties can lead to divorce is of course, no surprise. In 2010 the Office for National Statistics released figures which…

Breaking up can be expensive – separated couples are being warned of ‘financial association’

According to a recent Daily Telegraph article, analysts Experian CreditExpert estimated that up to 6.8million Britons have suffered money troubles because of a relationship. 47 per cent of the 3,000 people surveyed, had been affected by an ex-partner’s problems and 33 per cent were still feeling the repercussions up to three years after their separation.…

Prenups make the news again

Prenuptial agreements have made the news again when it was revealed that Katie Price (aka Jordan) insisted that her new husband  sign a “watertight agreement “before their recent Caribbean wedding. Despite marrying after just a few weeks of dating, Katie wisely decided to protect her multi-million pound fortune. Whilst recent court decisions indicate that further…

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