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Radical plans to end huge costs of buying a freehold unveiled

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Millions of homeowners caught in the so-called “leasehold trap” may be able to buy their freeholds at a fraction of the price currently demanded by ground rent companies, under radical proposals from the Law Commission. One proposal is for a simple formula where leaseholders will pay just 10 times their current ground rent to convert their property from leasehold to freehold. There are 4.2m leasehold properties in England, and around half are on leases of under 80 years, leaving residents vulnerable to what critics say are rapacious demands from freeholders for lease extensions. The Law Commission was asked by then [...]

Man demands ‘bank of ex-husband must close’ after ex demanded more cash 16 years AFTER divorce becau…

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A SURVEYOR who won a court battle against his ex-wife who wanted more cash off him 16 YEARS after they divorced has demanded "the bank of ex-husband be closed down". Graham Mills, 52, said he should not still have to fork out for his former spouse after she lost a £230,000 lump sum awarded to her in their 2002 divorce. �2018 Gustavo Valiente / i-Images The Supreme Court ruled today that Graham Mills, 52, shouldn't have to pay increased maintenance payments to his ex-wife - but he must still pay £1,100 a month He told Sun Online: "The bank of [...]

The 10 Biggest Litigation Mistakes Companies Make

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Image credit: Charlie's/Shutterstock Litigation is inevitable for some business owners. A study by the U.S. Chamber for Legal Reform found that 43 percent of small business owners reported having either been threatened with or involved in a civil lawsuit. Here are tips to avoid costly mistakes when facing litigation. Litigation is complicated, expensive, time-consuming and, unfortunately, sometimes inevitable. Companies are often forced to protect intellectual property, defend themselves in lawsuits by former employees, and negotiate commercial contract disagreements, among other unexpected legal disputes. With so much time and money invested and so much at stake, it is important to avoid [...]

8 divorce horror stories from the people who have been through it — and their lawyers

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Divorce rates are increasing among younger groups.fizkes/Shutterstock Divorce can be a difficult process, no matter how amicable your separation may be. According to the US Census Bureau, divorce rates are on the rise among adults 50 and older, roughly doubling since the 1990s. Here are eight of the worst divorce horror stories from both clients and lawyers.   Divorce is never easy, and among certain age groups, divorce rates are increasing. For instance, since the 1990s, the divorce rate has doubled among adults 50 years old and up, according to 2015 statistics from the National Center for Health Statistics and [...]