12 Days of Christmas - Day 9: Nine ladies dancing
Every single family will have their own unique, different set of circumstances and these varied circumstances are always in evidence when family lawyers are looking at resolving financial claims for a separating couple. No two cases are ever the same in terms of a couples financial assets; property, savings, pensions, businesses, income, liabilities and so on.
Family lawyers must assess each case on its own facts, considering how those particular circumstances sit against the factors outlined in section 25 of the Matrimonial Causes Act 1973. These statutory factors are not equally weighted across all cases (although needs of any children and the parties will always be the priority factor). In some cases, the length of the marriage is relevant, perhaps the health of one of the parties, or one parties contributions to the matrimonial wealth.
The point is there is no magic formula to produce the “correct” outcome, which is why it is so important to take early and ongoing advice from a family law specialist when separating.
If you are fearful your partner may “waltz” away with the assets, leaving you in a tight spot, get in touch so we can “(American) smooth” away your concerns.
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Anne has over 30 years’ experience in protecting clients’ wealth through wills and trust structures. She will always go the extra mile to ensure they and their family’s objectives are achieved as tax efficiently as possible.