Category: Division of Assets

What Is Financial Disclosure?

During a divorce, there are many circumstances when those involved will be required to financially disclose their assets. Financial disclosure is a full statement of your current financial earnings and any assets, along with supporting documents, which act as proof. We look at the definition of financial disclosure, what it comprises and how important it is — along with the consequences of attempting to disguise your financial position. What Does Financial Disclosure Involve? While many divorces are resolved amicably, in other cases, a divorce settlement can be a long, drawn-out and bitter battle. When significant assets are at play, for…

What Am I Entitled to in a Divorce Settlement?

The breakdown of a marriage is the catalyst for a divorce, the legal proceedings are the challenging mid-section, and the divorce settlement is the final act which allows both parties go their separate ways with a share of the marital assets.  When it comes to divorce, there are many different aspects to consider and discuss with your family lawyer, but one of the most commonly asked questions is “what am I entitled to in a divorce settlement?” For some, this line of questioning may feel a bit money-hungry, but the truth is, the outcome of your divorce settlement will directly…

Who Gets the House in a Divorce with Children?

 In the majority of divorce cases, the family home is the most significant matrimonial asset. When children are involved, the courts will do everything possible to ensure their wellbeing both during and after a divorce, and where they live will play a vital role.  A divorce can be a stressful and emotionally challenging time for children, which makes it all the more important for them to have a place where they feel safe. As a result, establishing who gets the house in a divorce with children is a crucial decision that shouldn’t be taken lightly.  In this post, we talk…

Tips for Arranging Money and Property When a Relationship Ends

Among the many, many life experiences a person can go through a serious breakup has to be one of the most challenging. Not only is there the emotional turmoil, but decisions about money and property when a relationship ends can prove to be particularly challenging. Some couples have no ties to each other in regards to assets and therefore can go their separate ways with no problems, whereas others have shared funds or a property to arrange following their breakup. While there’s no doubt that a breakup is a lot less complicated than a divorce, you’ll find that you have…