Protect your finances in divorce
A recent article in the press highlights the need to protect your finances in divorce. A separated couple got into such a mess that the wife sold the family home while the husband was away in New York see http://www.dailymail.co.uk/news/article-3329134/Scorned-wife-takes-ultimate-revenge-cheating-husband-selling-house-holiday-New-York.html. While the media was attracted to the fact that a spouse was allegedly cheating, it is the asset protection issue that should alarm anyone involved in separation from their husband or wife. clearly there are companies out there that will buy a house quickly, potentially without the knowledge of a non owning spouse who nevertheless may have a legitimate interest in the value of the house when it comes to divvying up assets in divorce.
Protect your finances in divorce by instructing a specialist family law solicitor. Cheshire solicitor, Michael Brennan is an accredited specialist with both the Law Society and Resolution. Over 25 years of practice he has sough protective orders, commonly known as s37 orders in many divorces. Such orders require proof by statement that there is a risk of disposal so as to defeat a claim within divorce, though this can often be assumed from the circumstances. The order will last until settlement is reached or final court order. The application needs to be proportionate to the asset values and legal costs. Michael says, “Over my career I have gained experience that enables me to estimate cost accurately and sensible advice in some cases may be simply be to register matrimonial home rights. Section 37 orders are not confined to houses and, for example, pension funds for the over 50s must be at serious risk of drawdown without the knowledge of the other spouse, defeating a legitimate divorce claim to that asset post the 2015 budget changes”
To find out more, telephone Stonehewer Moss on 01606 872200 to speak to Michael or e mail Michael.firstname.lastname@example.org. Visit www.stonehewermoss.co.uk.