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June 2018 / 23 posts found

Forum Magazine: Is Litigation Finance Now Getting the Attention of the Legal Industry?

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Litigation finance has been around for a while, but now it may be getting harder for the legal industry to ignore. The practice generally involves a funding group agreeing to provide capital or assume expenses of a litigation matter in return for a piece of the settlement or award once the case is finished. Proponents of litigation finance say the practice allows law firms and corporate legal departments to pursue or sustain claims they may not have been able to afford, freeing their cash for other investments and making their legal expenses and risk exposure more consistent and predictable. Critics [...]

Unreasonable behaviour: Owens v Owens highlights that divorce law is no longer fit for purpose

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Offering no defence Over the years, a practice has developed whereby unreasonable behaviour divorce petitions are often drafted citing the minimum detail of behaviour required in order to obtain the divorce. A respondent to an unreasonable divorce petition is entitled, in their acknowledgment, to deny the truth of all of the allegations of unreasonable behaviour whilst allowing the divorce to proceed on an undefended basis. This approach is often recommended by solicitors to their clients as there is little merit in defending a divorce petition.  A recent case where the divorce was successfully defended, and which has received a lot [...]

Wondering How To Survive Divorce? Here’s The Key

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This is a guest post by Divorce Recovery Coach, Shannon McGorry. McGorry, who personally went through a divorce talks about the moment she figured out how  to survive divorce, and offers that advice to you. So much of this post is in sync with my feelings on how to not only survive divorce, but to end up with a life that brings you happiness, peace and fulfillment.   How to survive divorce: My A-HA moment The game changer which took me from that indescribable moment to my now incredible life. by Shannon McGorry, Divorce Recovery Coach “How am I going to [...]

The Divorce (Financial Provision) Bill and the impact on financial planning

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The Technical team at Prudential explore the Divorce (Financial Provision) Bill and the impact on financial planning. The Divorce (Financial Provision) Bill passed through its second reading in the House of Lords in January 2017. No date has yet been set for Committee stage but what impact might this Bill have especially in relation to financial advice? It has been said that this is attempting to bring the law in England and Wales closer to that of Scotland. Is this actually true? What does the Bill say? One of the main impacts is in relation to the definition of matrimonial [...]

How divorce impacts children

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At times for couples, marriage misunderstandings can culminate into divorce, forgetting about the welfare of their children. When it comes to divorce, most couples always think first of what each other would either get or lose after the break-up. The hatred and intense dislike for each other overpower their minds to the extent that children become secondary. Although it is something that has been legally accepted by the society, whatever the case, divorce is not considered as a normal thing as opposed to marriage. Legal practitioners, including Women’s Legal Aid Centre (WLAC), say separation can only be termed as divorce [...]

3 Tips For Breaking The News About Your Divorce To Your Children

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Getting a divorce in any situation can be challenging. However, if you and your spouse have children together, especially young children, divorcing can quickly become even more complicated and difficult. To help set the tone for the entire divorce process, you and your spouse are going to want to ensure that you initially break the news to your child in the right way. To help with this, here are three tips for breaking the news about your divorce to your children. Talk To Everyone Together First Once you and your spouse have decided that getting a divorce is going to [...]

Want to Survive Your Divorce? Try These 5 Things

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The truth is things will probably get worse before they get better. That’s how divorce goes.   Each week, I get emails from readers going through a divorce. As I read their words, I can feel their pain. Regardless of who initiates it, divorce is painful. If children are involved, it can be exponentially more painful. Your mind and body are going through the withdrawal of the happy chemicals produced when you’re in love. While you’re fighting the urge to punch the wall, your mind is playing tricks on you, wanting those happy hormones to start production again! You may [...]

Divorce affects retirement standard of living

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Splitting the assets in a defined benefit plan also results in loss of wealth for a spouse who would have received more money had the marriage stayed intact until the earner’s retirement,. (Photo: Fotolia) Divorce is a messy, costly business—and it can damage both spouses financially for far longer than the immediate period surrounding their split from one another. Such is among the findings of a brief from the Center for Retirement Research at Boston College, which also highlights how broad the problem can be—with approximately 40 percent of marriages ending in divorce. Although the rate is no longer on [...]

Angelina Jolie, Brad Pitt’s Custody Agreement Motivated Exes To Communicate Amid Divorce

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The new custody agreement in place for Brad Pitt and Angelina Jolie’s kids has managed to open a line of communication between the exes. After splitting in 2016, the former actors have been struggling to reach a proper custody arrangement. However, a judge’s ruling in their battle has motivated the actress to work with her husband to rebuild his relationship with their children. Jolie and Pitt share six kids together--Maddox, 16, Pax, 14, Zahara, 13, Shiloh, 12, and twins Knox and Vivienne, 9. The temporary custody agreement in place will reportedly give the “Fury” actor more time with his children [...]

15 Survival Tips For Those Going Through A Divorce

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From a recently separated reader:  I’m going through a divorce after 21 years of marriage Will I survive this? I felt strong until we sold our house and I actually moved out. I’m sick, sad, and very depressed. I don’t know who I am without him and I don’t know how to be single and independent. How will I survive?     Messages I receive like this one are perhaps the most heartbreaking for me. I can only imagine this woman sitting at her computer feeling hopeless, tears in her eyes, typing this message and feeling lost.   My answer to [...]