It has recently been discovered during research conducted by Legal & General that the cost-of-living crisis which has swept the country has led to the postponement of 19% of divorces. It is understood that this will have affected at least 270,000 married couples. The high rise in interest rates and subsequent rise in mortgage rates Due to this couples cannot afford to run two properties following separation and due to the high rise in property prices, many divorcing couples cannot … [Read more...]
Divorce and the ‘New’ Financial Statement of Information
When couples separate and agree a financial settlement, certain documents have to be submitted to the Court. The Consent Order is a document which states the agreement itself. In addition to this, the parties have to submit a financial ‘Statement of Information’. This is known as a summary of the assets, income, liabilities and pension that the parties have at the time they sign the statement. This form is used to assist the Judge in making a decision as to whether the financial … [Read more...]