Nuptial agreements – a vital wealth planning tool for international couples

How prenuptial agreements are viewed varies across the globe. In many countries, they are a common step taken ahead of marriage, in others they are almost unheard of. Some EU countries enable a couple to elect a specific “matrimonial property” regime, which governs how their assets will be divided on divorce. For international couples who... Continue Reading →

Bank of Mum and Dad: have you protected your investment?

It is more difficult than ever for young people to get a foot on the housing ladder. With rising property prices, growing inflation and the cost-of-living crisis increasing outgoings, young people are relying on their parents more than ever for financial assistance. To get a foot on the property ladder, many young adults are buying... Continue Reading →

Buying a property together: top tips

One of the most exciting decisions in a new relationship is when to pool resources and buy a home together. Whatever your age, this is a huge decision and not only a mutual sign of commitment to the relationship but also the undertaking of a serious financial obligation, which should be given thought and planning.... Continue Reading →

Valid prenups will be upheld on divorce, recent case confirms

The case of MN v AN [2023] EWHC 613 (Fam) is the latest reminder of the court’s position that valid prenuptial agreements will be upheld if challenged on divorce. Case background In 2005, the parties entered into a prenuptial agreement. Prior to the marriage, the husband owned assets totalling £32.5 million in contrast to the wife’s assets... Continue Reading →

Child Arrangements Orders: Top Tips for Parents

When parents separate, new arrangements have to be made about the care and welfare of the children. Ideally, parents should reach an agreement and discuss matters with the children in a neutral, reassuring and age-appropriate way. The majority of parents are able to agree between themselves what should happen, but some do not.  It can... Continue Reading →

International relocation with children: Lessons from The Archers

As fans of the long-running rural soap “The Archers” will know, Helen Archer’s partner, Lee, has two pre-teen girls. His ex-wife (mother of his daughters), has been offered a job in the USA and has moved permanently with them. Despite this initially upsetting Lee, he decided to agree to the move and hopes the girls... Continue Reading →

No-fault divorce: expediting the mandatory 20 week waiting period

The Family team at Michelmores has led what is understood to be the first case in the country where an application has been made to speed up the divorce process, since the introduction of no-fault divorce in England and Wales. The launch of the new no-fault divorce system in April 2022 saw the introduction of... Continue Reading →

CGT and divorce: new rules from 6 April 2023

The Spring Budget announced on 15 March 2023 has provided confirmation of changes which will be made to simplify the tax rules for married couples on separation, as of 6 April 2023. What has happened historically? Married couples and civil partners may make transfers of assets between themselves without having to pay Capital Gains Tax... Continue Reading →

No-fault divorce: what separating couples need to know

Why has the law been reformed? Under the previous law those wanting to separate in the UK had to rely on one or more facts to prove that their relationship had irretrievably broken down: unreasonable behaviour, adultery (not available for civil partnership dissolution), desertion for at least 2 years, separation for at least 2 years... Continue Reading →

Expats: how to divorce when living abroad

Moving abroad is a huge decision which can often challenge even the most stable of relationships. If things don’t work out, facing a separation whilst away from everything that is familiar to you can be extremely daunting. The emotional and psychological impact of separation can be very difficult to deal with without this support network.... Continue Reading →

Website Powered by WordPress.com.

Up ↑