When considering divorce finances, it is often difficult to determine a fair way of splitting business assets. This article explores how shares in private limited companies or interests in partnerships are typically dealt with on divorce, and the pre-emptive arrangements you can make to protect your company in the event of divorce. Asset Disclosure The …
Monthly Archives: September 2022
Can I stop my spouse sharing my inheritance on divorce?
A party to a marriage or civil partnership may understandably be concerned to know whether their spouse might be awarded a share of assets they have inherited if they ever divorce and would like to know what, if anything, they could do to reduce the chance of this happening. Firstly, there is a general principle, …
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UK SMEs owed an annual average of nearly £150,000
Truss reforms: UK regulations have ‘suffocated’ London’s competitive edge, warns think tank
The 5 Simple Steps Of Law And Divorce
The steps towards divorce in different jurisdictions differ and LawFuel has asked UK divorce lawyers Major Family Law at to explain the key steps to take with divorce law in the United Kingdom Whatever the reasons for divorce: infidelity, getting married too early or gradually drifting apart, it’s important to be aware of the process …
NHS litigation: grounds for optimism | Opinion
Publication of the NHS Resolution (NHSR) annual report in July closed one book and opened another, with the launch of ‘Advise, Resolve and Learn: Our strategy to 2025.’ Looking ahead, and despite the deep seated operational problems that currently beset the NHS post pandemic, where NHSR is concerned, at least, there are genuine grounds for optimism …
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Helpful vs. Unhelpful Counseling in Divorce
As a therapist and family lawyer, I have seen counseling as an important way to help people go through the painful process of separation and divorce. But I have also seen how it can be misused so that individuals and/or their children are negatively impacted by counseling. In high conflict divorces (perhaps 20 percent of …
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Could a ‘fast-track’ divorce leave you out of pocket?
The ongoing pandemic and financial crisis are placing a great deal of strain on couples, causing divorces to rise. Jackson Lees’ divorce expert, Anna Francis, explains the importance of seeking independent legal advice to secure your finances when going through a separation. The ongoing Covid-19 pandemic has been placing couples and families under a great …
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A Guide to Capital Gains Tax upon Divorce
The family home is often the biggest asset in many divorce cases. Depending on the agreement reached between the parties involved, the property may need to be sold or transferred to one spouse, which can potentially attract capital gains tax (CGT) depending on the timing of sale/transfer and whether either party has already left the …
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Mike Tyson, Arnold Schwarzenegger, Dennis Rodman Almost Went Broke Owing to Divorce Settlements
Athletes around the world have earned millions of dollars because of their successful sports careers. Along with their athletic earnings, sportsmen also earn enormous sums due to their well-paying endorsements and other businesses. However, there are few athletes who have lost a big chunk of their money because of their divorces. Boxing great Mike Tyson …