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Failing marriages and falling pounds means divorce

Failing marriages and falling pounds means divorce to many couples according to Cheshire family law specialists Stonehewer Moss. Michael Brennan, the accredited solicitor at the Northwich solicitors has worked on divorce cases for a quarter of a century and knows his work is seasonal. He explains, “By November a divorce solicitor usually will not expect instructions to start a divorce before Christmas. I am not qualified to hazard a guess as to the psychology of this collective pause in marital disharmony but I have also noted many times that  divorce instructions are received after the main family holiday; again I am reluctant to suggest it, but I doubt they are truly “last chance to make it” breaks. Everyone likes a holiday but once you divorce the chances of an all expenses jaunt to foreign climes has to fall away. It is an old saw of the divorce courts that you cannot make two household from one with the same resources to live the same lifestyle. Now that the nation has spoken and decided to leave the wealthiest trade block in the world, Brexit is currently reducing the value of the pound at a rate that obviously make the make or break holiday that much more expensive and perhaps the decision to amicably part can be made without the need to postpone until passports have been stamped. When dealing with assets on divorce the likely fluctuations in values of assets is the responsibility of the individual and the court will not entertain out of time appeals called Barder appeals simply because the assets you have distributed in divorce are worth less following a market fall from the date of the divorce order about finances. It is always tempting to crystal ball gaze and researching for this article I came across this 2015 article on an American site about the effect of falling currency exchange rates on assets, which seems worth taking note of in Britain now; “A weak or undervalued domestic currency can be like having open-ended Black Friday sale and what is marked down is every single good, service, and asset in the country. The trick is, only buyers who can pay in the stronger foreign currency get the sale price. This attracts foreign tourists, which can can be good for the economy. However, it also attracts foreign buyers looking to scoop up cheap assets and outbidding domestic buyers for them. Foreign buyers have pushed up housing prices in nations with a weak currency. Imagine you are house hunting and suddenly you are bidding against people who are getting, say, an automatic 30 percent discount on the asking price. Even if you are not house hunting, high housing prices and and low supply affect rent as well.”  Timing is all and I was only thinking we are running up to Black Friday earlier today. Imported goods are often the source of “the last word” arguments in the divorce court. The thought processes behind the need to argue over an item of personal property like the kitchen clock or a dining suite is obvious and I have faced barristers at final hearing for the judge to decide the destiny of a single item, the rest of the case being settled. As with most experienced divorce solicitors I would prefer clients to collaborate and settle early ( I certainly don`t agree with one solicitor who remarked collaborative law is like Turkeys voting for Christmas) but you have to retain a sense of perspective over a person in divorces lack of perspective and let the issues be resolved as they will. Collaborative has the advantage that you set the agenda whereas case management powers mean judges may rule out a bun fight over the kettle that is actually fulfilling a human need beyond the measure of the value of the item itself. Like the pound, emotions go up and down; fire sales draw in unwelcome opportunists and I recommend a person going through a separation seek the most sensible and experienced legal advice they can get at clearly defined costs. With stuff costing more now, the issues should become less troublesome but sadly experience tells me couples start to argue about their children if there is no money to argue about. A mediation or collaborative law based approach to settlement should focus minds on the real issues.”

Failing marriages and falling pounds means divorce and as always it  is a matter of timing, understanding and most of all a realism that when there is no longer mutual consent to be married you have to exchange the present for a different family arrangement.

For advice negotiation and representation through separation and divorce please call 01606 872200 e mail info@piplaw.co.uk or visit www.stonehewermoss.co.uk

 

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Stonehewer Moss Family Solicitors, Citadel House, Solvay Road, Northwich, Cheshire, CW8 4DP

Family and Corporate Solicitors Northwich covering Chester, Crewe, Knutsford, Macclesfield, Middlewich, Northwich, Runcorn, Sandbach, Warrington, Winsford, and across Cheshire.

Stonehewer Moss Solicitors is a trading style of the Stonehewer Moss Limited, Registered in England No. 542 6583
which is a firm of solicitors authorised and regulated by the the Solicitors Regulation Authority No. 471159

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