Within divorce proceedings the court has power to make orders about the family home or any other property you or your spouse own. The Court cannot order a lender to lend you more money, but a properly drafted court order and careful preparation in the run-up to applying for a new mortgage can maximise your borrowing power.
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As you near the end of your maternity leave questions begin to surface regarding the care of the child. For some, it may be possible financially for one parent to not return to work, instead giving up their career to look after the children. Whilst this may be practical during the course of the marriage, what happens should the relationship break down?
As many of you will have noticed the Christmas cards, wrapping paper and presents are creeping their way into the shops and supermarkets. Most of you would consider the beginning of October far too early to consider Christmas, and in terms of presents and ordering the Turkey for the Christmas dinner I would agree.
There is no doubt that in the UK Inheritance Tax is not a universally popular tax.
Many taxpayers are unhappy that the wealth they have accumulated during their lifetimes will already have been taxed as it was earned, and there is a strong feeling that to tax assets twice is simply not fair.
Resolving the split of the matrimonial finances or the arrangements for the children are two of the more challenging aspects of a divorce or separation. For most individuals, the thought of attending court and the costs associated with contested hearings is extremely daunting; particularly at such a difficult and emotional time in their lives. The majority of the individuals that we meet with have a pre-conceived assumption that unless they have already reached an agreement regarding the split of the assets or the arrangements for the children, then an application to court is inevitable.