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finance | Cambridge Family Law Practice

My spouse owns a business – what is it worth?

By | collaborative law, financial | No Comments

When looking at an overall division of finances on divorce, the first step is to understand what resources there are. One of the issues faced by separating couples is how and when a business owned by either of them comes into play.  We at CFLP are experts in assessing the importance of business interests on divorce. Working out how much a business is worth, if it is worth anything at all, can be especially challenging for those who are not involved in running the business. First and foremost, it is crucial to understand the nature of the business. Is it:…

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Changing circumstances

By | financial | No Comments

Usually when a former couple is going through financial negotiations or litigation after divorce, the finishing post is the sealing by the court of the order setting out their financial arrangements. Once the ink on the court stamp is dry, all that normally follows is to put its terms into effect, and the family can move on from the stress of sorting out their financial arrangements towards a more certain future. However there are limited circumstances in which it is possible to undo the sealed order, and ask the court to consider matters again. We are not talking about appeals…

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Pension changes and divorce

By | financial | No Comments

It has been a while since we have written about pensions. To many people they are simply a pot into which money is put on a regular basis in the hope and expectation (these days looking increasingly fanciful) that they will provide for you in retirement. However, pensions are one of the assets which can be transferred or shared on divorce or dissolution. In many cases they can be some of the most valuable assets belonging to the parties. So, a brief reminder of what can happen to pensions on divorce is probably timely. There are three main ways in…

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Out with the old!

By | financial, Law news, marriage | No Comments

One of the country’s leading family law judges, Sir Paul Coleridge, has announced his retirement during a fascinating speech made last week to one of the annual family law conferences. You can read what he said in full here – what follows is a reflection on the highlights, from our point of view. A judicial retirement would not normally form the subject of one of our blogs, but some of the comments made by Sir Paul were both exciting and something of a call-to-arms to reform the legislation and practice governing family in England and Wales. This is entirely our…

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