What is a financial settlement and how does it work? 

Divorce or separation can be emotionally challenging as it is, but one aspect that often adds unwanted complexity and stress to the process is dividing financial assets and responsibilities. This is where a financial settlement comes into play.   In simple terms, a financial settlement is an agreement reached between divorcing spouses, outlining how they will…

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No-Fault Divorce: Guidance from NJP Solicitors

The landscape of divorce law in England and Wales has undergone a fundamental transformation. As of April 6, 2022, the no-fault divorce system, a change long-awaited and campaigned for, is now in effect. At NJP Solicitors, we’re here to guide you through these changes, ensuring a smoother, more straightforward process in your divorce or civil…

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Managing Asset and Financial Division in Divorce with a solicitor’s firm who cares

Divorce isn’t just a personal transition; it’s a financial one. At NjP Solicitors, we understand the complexities of dividing assets and finances during a divorce. Our team of family solicitors is equipped to assist you, regardless of your location, with options for video conference meetings to facilitate ease and comfort. The Essentials of Financial Division…

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Can I Afford to Divorce My Spouse?

With the cost-of-living crisis hitting as hard as it is, there’s never been a harder time to keep expenses down. But when legal aid is available to limited people, lost working hours, and housing support costs add up, family breakdown and divorce cost the UK taxpayer a staggering £51 billion a year. With that said,…

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Is Your Ex Using “Amicable” as a Weapon?

Has your ex said something like, “Accept what I am offering, let’s be amicable”. These words can make you feel under pressure. It implies that of you don’t accept then you’re not being amicable. It’s important to recognise this. In a truly amicable divorce, both parties should have no issue following the process of exchanging…

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Financial Remedy (divorce settlement) What does the court consider?

When determining the appropriate financial remedy orders during a divorce, several key factors need to be considered by the court:- 1. Financial Needs: Each partner’s financial needs and obligations must be assessed, including housing, childcare, living expenses, and any debts or liabilities 2. Income and Earning Capacity: The current and potential future income and earning…

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Is everything divided equally on divorce?

For most people getting divorced their biggest concern will be what share of the matrimonial assets they receive. And as with so many things, there are a lot of misconceptions about how the law divides assets on divorce. One misconception is that everything is always divided equally. Whilst there is some truth in this, the…

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