November 2022 / 19 posts found
Transferring assets after divorce: What are the capital gains tax rules and how are they changing?
Lisa Pepper: For couples who have already separated, I am 100 per cent advising them – if they can – to hit pause on transferring assets for the next few months Divorcing couples prepared to delay transferring assets between them until next April could make significant tax savings, according to a legal expert. They will be given more time and flexibility to consider how to divide up their assets under a pending relaxation of capital gains tax exemptions in divorce. For partners no longer living together, the time limit for capital gains tax-free transfers will be extended, from the end […]
New ‘no-fault’ divorce laws may stimulate rise in amicable splits among the wealthy
It’s rare for divorce to get more vicious, or indeed deadly, than in the 1980s Hollywood film, War of the Roses — where Michael Douglas and Kathleen Turner play a wealthy husband and wife living in Washington, DC in America. After 17 years of marriage, the couple can’t stand the sight of each other and fight so hard they fall from their home’s chandelier and end up dead on their living room floor. Fortunately for today’s society, even the most bitter couples behave better than this fictional duo, but few can manage an entirely peaceful decoupling. The divorce attorney played […]
Spike in ‘no-fault’ divorce applications
Newly published statistics for April 2021 to April 2022, show more than 12,000 new divorce applications were filed as ‘no-fault’ divorce came into effect. The Divorce, Dissolution and Separation Act 2020 means divorcing couples are no longer required to assign blame for the breakdown of their marriage. There were 12,978 new divorce applications in April 2022. 10,207 of which were sole applications and 2,771 were joint applications.* By comparison, there were 6,764 digital divorce applications in April 2021. Law Society vice president Lubna Shuja said: “These figures reflect the ‘bulge’ we expected as the new law came into effect. “By […]
What are the costs associated with divorce and separation
Divorces and separations can be emotional processes to go through, paying the cost of a family lawyer means you can take emotion away and allow a professional to do their job. Picture from Shutterstock. Seeking a separation or divorce can be a painful process and one that has plenty of costs associated with it. Whether you are seeking a divorce or separation after the minimum waiting period or a much longer time, the costs won’t change. These costs are necessary administration costs and some are personal related costs, but all are necessary to execute the divorce or separation properly. Here […]
The Metaverse: Litigation Challenges – Lexology
The metaverse has been described as the future of the internet. Although its development remains at an early stage, established and emerging companies are spending millions developing metaverse technologies. While a virtual-reality parallel universe is likely several years away, as we have seen with the conventional internet, entirely new areas of law have developed to address the online world. Cyberattack or data breach class actions have become common. No matter what form the metaverse ultimately takes, the law will develop in response. This bulletin is the first in a two-part series that considers the unique legal issues that the metaverse […]
Parental Responsibility, the Modern Family and Access to Justice
Home > Articles Syvil Lloyd Morris, Solicitor Advocate and co-founder of Bastian Lloyd Morris LLP, explores the concept of parental responsibility and LAA funding issues in the context of a changing society.
Syvil Lloyd Morris, Solicitor Advocate and co-founder of Bastian Lloyd Morris LLP The family is an important institution in all societies. In the words of Shakespeare, ‘[t]he voice of parents is the voice of gods, for to their children they are heaven’s lieutenants’. However, our ‘millennial and existential values’ (Chiriluta, 2022), have conspired to change the modern shape of the family, and indeed the dynamics of parenthood. […]
Divorce Post-Covid
COVID-19 prompted a dramatic shift in the way we live our lives, from hybrid home-office working and renewed importance on local communities, to increasing unemployment and growing mistrust in governments. In the aftermath of these big social changes, there is a new transformation on the horizon. If you are considering divorce, then reading up on the details of the new Divorce, Dissolution and Separation Act 2020 in the Wiselaw no fault guide will give you a clear picture on what to expect. However, in this article, we look at how the pandemic, and the new no-fault divorce laws together are […]