Divorce and Pensions

Shane Miller, Family Law Solicitor and Client

Ever since the introduction of no-fault divorce, there has been a surge in the number of “DIY divorce” applications. Although the parties can swiftly finalise the divorce application on their own, they often neglect the crucial necessity of obtaining a financial order that stipulates the division of matrimonial assets between the separating couples. It’s important…

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Common Issues with Managing a Trust

Common Issues with Managing a Trust

Trusts are an important element of estate planning with various benefits such as wealth protection,  limiting tax liabilities, and safeguarding assets for future generations. When setting up a trust, it is crucial to be aware of common issues that may arise to avoid potential pitfalls. Consulting a specialist solicitor is essential to guide you through…

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How to determine Share Values for Probate

Knowing how to determine share values for probate is essential for ensuring a smooth process and minimising additional stress during an already difficult time. When someone dies, their estate must be managed and assets distributed to inheritors. Valuing the deceased’s assets is crucial to determine inheritance tax owed, especially for those with diverse investments like…

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Selling A Business During Divorce: What Business Owners Need To Know

During a divorce proceeding, it’s crucial to be cautious about your actions as any attempt to conceal assets from your spouse may have severe repercussions. The ability to sell a business depends on the ownership structure. Directors of limited companies can sell their company if their spouse is not involved, but sole traders cannot sell…

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Understanding Wealth Protection and Tax Planning with Trusts

To ensure financial security for future generations and preserve wealth, it is crucial to protect assets and minimise taxes. One effective method to achieve this is by establishing trusts, which allow for assets to be passed down according to your preferences while also reducing tax burdens for future generations. Seeking advice from knowledgeable private client…

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