Pension sharing orders have been in existence now for well nigh 20 years since their introduction on 1 December 2000. The aim was, as the name suggests, that pensions could be split or shared going forwards, to create fairness between spouses and civil partners on divorce or dissolution. However, research highlights that pension inequality is rife, both in general terms and subsequent to divorce.
The arrival of the coronavirus pandemic and the resulting social distancing measures have meant that many couples have had to postpone their wedding date. Whilst disappointing, this does give couples the opportunity to consider whether a Pre-Nuptial Agreement would be appropriate for them.
Unfortunately, given house prices and stricter mortgage requirements, many couples find that when they separate, they have to leave their family home in their joint names, with the person that has moved out of the property having to rent a separate property.
TWM’s Family team discusses family mediation and how to cut your legal bill without cutting corners.
Dividing up your finances in a separation or divorce situation is one of the biggest financial decisions you may make in your life. It can be difficult to weigh up the options that are being put before you and the advice that you are receiving.
TWM’s Family team explains what separating parents can do to minimise the stress for children.
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