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Financial settlements Posts

Thursday January 12, 2012 at 9:00am
If you’re anything like me, then the world of investments and pensions is something alien. I am ill equipped to make more than the most superficial foray into their machinations and so rely on the experts to advise me on the right moves to make, where we are at and where we are likely to end up. This attitude could explain why, when considering a divorce settlement, many people still don’t think of the pension pot as an asset to be divided. They are either aware it is there but....
Monday October 24, 2011 at 9:00am
I think the generally accepted wisdom, which of course is the favourite kind and has no basis whatsoever in law, is that if an individual buys a Lottery ticket and their numbers come up, their other half is entitled to half. I guess that should read that they would share their winnings but if they split up, it would be divided between them. Well, a ruling last week suggested that is not always the case – and it could send shockwaves through households across the country as long-held ....
Monday August 8, 2011 at 9:30am
She was one of the original supermodels and famously uttered the oft-quoted line: “I don’t get out of bed for less than £10,000.” She still cuts a stunning figure with looks that many women would die for. But at 46, Linda Evangelista has gone down in my estimation this week. Considerably. I’m sure it won’t bother her but anyone who can still command vast sums for appearances and modelling does not need to argue in court that she needs £28,000 a month fro....
Monday August 1, 2011 at 9:30am
There are many occasions when you might think: “Well, they would say that, wouldn’t they?” Like when the manager of a football team which has just won 5-0 says: “We deserved to win”. Or when the chief executive of a car manufacturer says: “We make the best cars in the world.” They would say that. I had the same feeling when I read comments last week that the English legal system is “superb”. Now, it is nice to get some praise for on....
Wednesday June 22, 2011 at 2:43pm
Plumber Ian Puddick has recently been in the news after he was arrested and charged with harassment of a Mr Haynes with whom Mr Puddick’s wife had an affair. He was found not guilty. Mr Puddick set up a website, twitter account and linkedin account all designed to expose Mr Haynes as an adulterer. Interestingly Mr Puddick reconciled with his wife, but what did he really hope to achieve from his actions? No doubt he was upset and angry, but if he thought that drawing public attention to....
Thursday April 28, 2011 at 10:00am
Students, bless them, have been in the news more than normal over the last few months over tuition fees. Universities will be able to charge up to £9,000 a year in tuition fees to balance a cut in funding announced in the Government spending review last year. The maximum had previously been capped at £3,290. This will inevitably further impoverish the lowly student and do nothing to dispel the caricature of the dishevelled under-graduate in second hand clothes, paying for a loaf of b....
Tuesday March 15, 2011 at 10:00am
I read about a survey last week which suggests that an increasing number of parents are reluctant to leave money to their married children in case they get divorced and the other party gets their hands on a chunk of it. The research shows 35 per cent of parents had concerns and did not want to leave assets to their children for fear some of it might be siphoned off by an estranged partner in any settlement. This was brought fully into focus for me when one in four parents said they had doubts wh....
Thursday February 24, 2011 at 10:00am
“A man left disabled after a road crash could be forced to sell his home after a judge ordered him to hand more than half his compensation payout to his ex-wife.” This intro from a story in the Daily Mail last week is the type of thing that makes me angry. Not the fault of the Mail (on this occasion!) but more the original decision of a judge which sends the wrong message and puts family law in a bad light. Divorce and divorce lawyers don’t need any help, generally speaking, ....
Thursday February 3, 2011 at 10:00am
As family law specialists, we would always advise clients involved in divorce proceedings to keep a level head, look for a fair settlement and to secure a Clean Break Order to draw a line under the settlement once and for all. In short, be sensible, fair and final. If an individual really does not agree with a settlement, there are routes available to challenge it, but this can be costly and draw out a painful process even longer. However, there are cases where this appears to be the only ....

 

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