Category

financial

What happens if you lose your job during divorce?

By | divorce, Divorce myths, FAQ, financial, the family courts | No Comments

There are few times in life when your finances will come under greater scrutiny than during divorce. In order to negotiate a fair financial settlement between you and your former partner, it is necessary to declare your income in full, along with all your financial assets, on the famous Form E, a document that anyone who has been through a divorce will recall vividly. But what happens if financial disaster strikes during this complex process? What happens, in short, if you lose your job – or your spouse does? Finding oneself unemployed is always a stressful event –your life has…

Read More

Compensation payments on divorce – how are they treated?

By | divorce, financial, News, the family courts | No Comments

We are all aware of medical negligence claims or national tragedies, such as the Grenfell Tower fire, and here at CFLP, we are sometimes asked how annual grants to victims or beneficiaries from charitable, or other, trusts or compensation payments following personal injury cases, are viewed on divorce. Before dealing with this in detail, we set out a brief recap of the main principles which guide the Family Courts when making financial orders; the main factors are set out in s25 Matrimonial Causes Act 1973 (MCA), but  the overlying principles, following decisions made in the higher Courts, are:- The Sharing…

Read More

A New Dawn for Maintenance Payments?

By | Children, financial | No Comments

As you are probably well aware, the Government has struggled to enforce child maintenance payments since time immemorial. This summer, the Department for Work and Pensions (DWP) has taken further steps towards coherent enforcement and has published its response to its own consultation seeking views on a new child maintenance compliance and arrears strategy. The Government has said that these changes, along with previously announced proposals to allow deductions from joint bank accounts, will be introduced during autumn 2018. These measures will complement the existing spectrum of collection and enforcement powers, which are currently employed by the Child Maintenance Service…

Read More

Needs vs ‘Meal Ticket for Life’?

By | divorce, Divorce myths, financial, Law news, News | No Comments

A new briefing paper funded by the Nuffield Foundation has found that high profile, ‘meal ticket for life’ cases have given a distorted view of final settlements in divorces. Dr Emma Hitchings (University of Bristol) and Joanna Miles (University of Cambridge) recently published a briefing paper outlining key findings from their research on financial settlements in divorce cases. The briefing focuses on the current debate over ‘meal ticket for life’ divorces and provides evidence to refute widespread anecdotal claims of women as lifelong ‘alimony drones’. A key finding from the study highlights that immediate clean breaks between divorcing couples are…

Read More