Category: Division of Assets

How to Protect Your Assets before and during a Divorce

The breakdown of a marriage is a difficult experience, but the majority of the stress during a divorce comes from negotiating the division of matrimonial assets. In this post, we discuss how to protect your assets before and during a divorce. You and your spouse will have accumulated a vast range of assets over the course of your marriage, all of which will be included in the concluding financial settlement. A divorce can have a pretty hefty financial impact on those involved, so it’s not uncommon for one party to attempt to secure certain assets before the divorce has been…

A Business Owner’s Guide to the Division of Assets in Divorce

The financial fallout of a divorce can be difficult for anyone to deal with, but for people with business assets to maintain, it can be a particularly contentious time. In this post, we’ll list a few effective tips for the division of assets in a divorce. A divorce is a challenging experience for multiple reasons. Not only is there the emotional trauma of a breakup to deal with, but the financial implications of a divorce can have a huge and long-term impact on your future. For business owners, this can pose a serious threat to financial stability as well as…

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…