Family Law Blog : Finances
Comment on divorce & family law
By Woolley & Co, on Friday May 31, 2024 at 2:39 pm
Spousal maintenance refers to an amount of money that is paid from one spouse to another during divorce. The payment is made from the spouse with the higher income to support the spouse with the lower income. Whilst spousal maintenance is not always payable, it will be ordered by the…
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By Gemma Scourfield, on Thursday May 30, 2024 at 11:42 am
Following a divorce, it may be appropriate for the party with the higher income to make regular maintenance payments so that their former partner is able to meet their ongoing living costs. This is known as spousal maintenance. There are various types of spousal maintenance which can be implemented, one…
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By Kate Butler, on Tuesday April 30, 2024 at 11:39 am
When you get divorced, the financial commitments you and your ex-partner have towards one another are not automatically severed. If you do not have a financial order which includes a clean break clause, your former partner could potentially have rights to property after divorce, even if you make a purchase…
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By Karen Willis, on Friday April 19, 2024 at 3:19 pm
The length of your marriage will have an impact on your divorce settlement. Generally speaking, the longer you are married, the more likely it is that your divorce settlement will be closer to an equal division of your assets. However, it is also important to keep in mind that the…
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By Abby Smith, on Tuesday April 16, 2024 at 10:52 am
Understanding your financial responsibilities during a separation is incredibly important. Given the significant change in circumstances that a divorce can represent, there can often be some confusion concerning who is obligated to pay for household bills until the divorce is confirmed. While a divorce application is ongoing, typical household bills,…
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By Karen Agnew-Griffith, on Thursday April 11, 2024 at 3:44 pm
Plenty of important arrangements usually need to be made if you are separating from your partner. Finalising what happens if you are splitting up when you own a house can often be among the most challenging. Exactly what will happen if you split up when owning a house will depend…
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By Richard England, on Tuesday April 9, 2024 at 3:41 pm
A Mesher order is a court order that deals with the family home after a divorce. It is essentially an order for a deferred sale, with the property remaining in the couple’s joint names until a trigger event occurs. Taking its name from the family whose case first established the…
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By Kate Brooks, on Thursday February 22, 2024 at 10:17 am
If you have divorced, or intend to divorce, you may already be aware of the importance of a consent order. Without an order in place, any financial arrangements you make will not be considered legally binding. While consent orders are vital, sometimes circumstances can quickly change. This means that any…
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By Catherine Edmondson, on Tuesday January 23, 2024 at 3:51 pm
A breach of a consent order happens when a party fails to comply with the legally binding court order. To address this, the non-breaching party can first try to resolve the issue directly with the other person or by sending a warning letter. If that fails, the next step is…
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By Michelle Brammer, on Thursday December 14, 2023 at 2:40 pm
A judge rarely rejects a consent order, but it happens most often when the order is unfair, lacks full financial disclosure, or is poorly drafted. Rejection is uncommon if parties have legal advice and the agreement is fair and comprehensive, but judges will send them back for changes if they…
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By Woolley & Co, on Thursday June 29, 2023 at 3:58 pm
Knowing where you stand during separation can be very difficult to comprehend, especially where you share children and/or financial assets. One solution to remedy this confusion would be a separation agreement, which outlines the terms and conditions that govern the separation. This includes the division of assets and any financial…
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By Kate Butler, on Thursday February 23, 2023 at 10:00 am
As with many questions in family law, there is no one, simple answer to the question: what am I entitled to in a divorce settlement? Every case is different because the circumstances of each couple is different. Who gets what in a divorce settlement? The starting point for dividing assets…
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