Following separation, the way parties share their income changes. It is not uncommon for one party to be earning considerably more than the other, especially when one of the parties has ceased working to care for children.
Spousal maintenance can be sought urgently and on an interim ongoing basis.
We often receive instructions from clients around trusts, whether they are, amongst others:
- Family Trusts;
- Unit Trusts;
- Discretionary Trusts established in an estate.
With a growth in wealth and a huge growth in accounting advice, many people and families establish trusts for tax purposes, asset protection and income distribution. They are becoming incredibly common in financial settlements.
2017 has seen a number of high profile media personalities separate from their husbands and wives. Whilst the circumstances behind their separation are the subject of many Daily Mail and Daily Telegraph stories, certain media outlets are now starting to report on the settlements each have come to having regard to their children and property.
With the excitement of the silly season over, the dreaded January blues having passed, it’s time to turn our attention to February, the month of romance. If you’ve been struck by cupid’s arrow, Valentine’s Day can be an important day for you and your loved one.