A divorce case in which a Russian billionaire hid money and assets post-divorce to avoid handing them over to his wife, in terms of Court ordered divorce settlement, has hit the news recently. Whilst the level of wealth in this case is far-fetched for the vast majority of people, hiding assets during and post-divorce can happen. So what does the law say about this?
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This article will focus upon family trusts; in particular, when may setting up a family trust be appropriate as young people begin to contemplate marriage, and how are trusts treated in the context of separation and divorce?
There is a misconception that getting divorced or separating is an aggressive and bitter process requiring lengthy court proceedings. Many couples separate amicably through alternative methods dispute resolution. Collaboration is one method increasingly used in family law cases globally. The aim is to reach an agreement between couples with minimal conflict, without going to court and to foster a civil relationship between the parties going forward.
Due to the impact of Covid 19 over the past year, we are all aware that many businesses and individuals face financial uncertainty. Can such uncertainty be taken into account when financial matters are being resolved by way of an action of Divorce?
When a relationship has broken down and separation and divorce become inevitable, sometimes court action is necessary. However, often couples want to be able to talk about arrangements for their children and financial matters but need some help to do that? Whilst only the court can grant the actual divorce, it does not have to be used to sort out those kinds of issues. Here at Harper Macleod our family team is able to offer different methods of dispute resolution, including mediation.