Category: Divorce
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How No-Fault Divorce is Reshaping Separations Amid Court Delays
The introduction of the “no-fault” divorce law two years ago marked a pivotal change in the way couples in England and Wales navigate the end of their marriages. Aimed at reducing conflict between separating spouses, this change has reshaped the landscape of divorce. However, while the legal system has evolved, there remain significant challenges, particularly…
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Protecting Your Business with a Prenup: Essential Insights for Business Owners
Whether you’re a small business owner or at the helm of a large corporation, a prenup can provide the clarity and security needed to protect your business interests. More couples are recognising the value of a prenup not as a sign of distrust but as a pragmatic measure to prevent future disputes and ensure smooth…
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The Dangers of DIY Divorce and Why Legal Advice is Crucial
Since the introduction of the fault-free divorce law on 6th April 2022, the process of obtaining a divorce without legal representation has become increasingly accessible. While this change has been largely welcomed, it has also led many individuals down a precarious path. The simplicity of a DIY divorce can be deceptive, and without proper legal…
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The Supreme Court Ruling on Alimony Rights for Divorced Muslim Women in India
India’s Supreme Court has recently made a landmark decision affirming the entitlement of divorced Muslim women to alimony under secular law. This ruling underscores the principle that alimony is not merely an act of charity, but a fundamental right for all women, regardless of their religious background. The court’s judgment highlights the necessity for financial…
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Divorce and Separation – What are the Tax Implications?
Divorce and separation bring a host of financial considerations, and one of the most complex areas is the tax implications. The terminology and regulations surrounding Capital Gains Tax (CGT) and other tax liabilities can be quite confusing, making it essential to grasp these concepts to avoid unexpected financial burdens during an already challenging time. (Read…
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Divorce Considerations for Spouses
Divorce can be emotionally taxing and financially complex, especially when it comes to understanding the tax implications of asset transfers. In Divorce, CGT (Capital Gains Tax) plays a significant role in how divorcing couples handle the division of assets such as the marital home and jointly owned businesses. (Read Time: Approx. 4 minutes) Topics Discussed:…
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A Co-occupation Agreement Could Slash Your Inheritance Tax
Considering strategies to reduce your Inheritance Tax (IHT) obligations without losing control of your house or moving out? A co-occupation agreement might be the perfect solution for you. (Read Time: Approx. 4 minutes) Topics Discussed: Inheritance Tax and Your Home For many, their home is their most valuable asset, making it a significant consideration in…
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What Happens to Business Assets If I get Divorced?
During a divorce, the fate of business assets are not shielded from the scrutiny and equitable division synonymous with divorce settlements. We take a look at considerations and legal statutes shaping the treatment of businesses amidst marital dissolutions, dispelling common misconceptions along the way. (Read Time: Approx. 3 minutes) Topics Discussed: The Legal Backdrop The…
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Cohabitation and Its Legal Impact on Divorce Settlements
Moving in with a significant other is undoubtedly an exhilarating phase in a relationship. However, it carries certain legal intricacies, especially when you aren’t married. This act of living together is termed ‘cohabitation’. While cohabitation can seem like a simple arrangement, the lack of a legal framework can have potential ramifications, particularly when cohabitation mixes…
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Divorce and Asset Division: Beyond the Obvious – Designer Handbags!
Divorce, a challenging juncture in one’s life, brings about various discussions about the many aspects of a separation. Key among these is the division of assets. From properties and investments to items of sentimental value, splitting these possessions can be an emotional and complex process. (Read Time: Approx. 3 minutes) Topics Discussed: The Role of…