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Articles : Finances

Divorce and family law explained 

A pre nup - insurance for married couples?

By Woolley & Co, on Monday April 15, 2013 at 3:10pm

When you enter into a long term relationship or marriage the last thing you probably want to think about is what happens if that relationship breaks down. In the same way I suppose none of us wants to take out health or car insurance because we think we are going to have an accident or suffer ill health. The difference is that we do take out these insurance policies – everyone driving a car has to be covered by insurance...

Getting a Fair Divorce Settlement

By Woolley & Co, on Tuesday February 19, 2013 at 4:00pm

One of the most important decisions to be made on separating is how the financial needs of the family are going to be met in the immediate and longer term future. Coming to an agreement on the divorce settlement is usually the main cause of worry for, and disagreement between, the parties.There are various ways in which an agreement about the finances can be reached and then put into place. The key to reaching a settlement is for both...

The importance of clean break orders

By Woolley & Co, on Tuesday May 11, 2010 at 5:10pm

Did you know that if you win the lottery, without a Clean Break Order in place, your ex can make a claim on your winnings?When you divorce, your right to make a claim against your ex for money or property will still exist. A divorce ends the contract of marriage but does not prevent your ex from asking the Court to make an Order for you to pay them money in the future.Money can either be paid as...

Preserving your wealth

By Woolley & Co, on Tuesday July 7, 2009 at 12:51pm

Economic reports for the last twelve months have been grim. The UK and indeed the world, is in the grip of the worst recession on record. Despite some reports offering a chink of light at the end of what seems like a very long tunnel, the fact of the matter is, our economic recovery will take years. In times like this, our self-preservation instinct kicks in and we think of an increasing number of ways to make savings, cut back...

Spousal maintenance and child maintenance in a recession

By Woolley & Co, on Tuesday February 24, 2009 at 11:29am

With the recession starting to bite we are all looking for for ways to make saving. Out go expensive cars and designer clothes, the gym membership and fancy meals. What many people overlook however, is how you can either reduce the level of maintenance that you are paying or perhaps increase the level of maintenance you are receiving.If you are the maintenance payerIf you are paying spousal maintenance or child maintenance under the terms of a Court...

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