Nobody wants to think about being in a car crash, but unfortunately accidents happen. In the year ending June 2019 alone there were 157,630 road casualties recorded by the Department for Transport. A road traffic accident can leave you in shock for several days afterwards, and emotions can include numbness, anxiety, anger, guilt and shame – feelings that can last long after the accident.
Divorcing or separating from your spouse can be one of the most emotional and stressful experiences of your life. Whether you wanted to end the relationship or not, a breakup can turn your world upside down triggering painful emotions. Getting married brings with it a sense of hope and when things don’t work out it can leave you feeling profoundly disappointed and lost. Sorting out financial arrangements with an ex-spouse is often one of the most difficult aspects of divorce. The decree absolute legally ends your marriage but it doesn’t end the financial relationship between you. That’s why it is very important to protect your finances both now and in the future by getting the right legal advice
Making the decision to separate or divorce is not easy, especially when there are children involved. You could be feeling a sense of shock, sadness or anger as well as worrying about how your separation will affect your children and relationships with family and friends. There are probably financial and practical worries bubbling away too. A distressing time becomes overwhelming if your ex-partner says they are going to stop you from having contact with your children. There are many reasons for this, and contact denial can happen at any time – not just immediately after separation or divorce.
Here we talk about what you can do to make sure child access arrangements are fair to everybody, and most importantly, that your children’s welfare is at the core.
The decision to divorce is never easy. It’s an emotional rollercoaster, whatever your circumstances. Being in a relationship can feel like a comfort blanket, and separation can leave you with a cold sense of loss. You might be scared about starting again on your own, or excited, or both. If you have children you’ll be worried about the impact on their wellbeing, and you may also be worried about child and financial arrangements.
Trusts can be a useful way of maintaining an element of control over what happens to your assets when you die. They can also, if used correctly, be a good way to reduce your inheritance tax. In this blog we look at what trusts are and how they work, some of the different types of trust, calculating tax on trusts and getting the right advice. The rules surrounding inheritance tax planning are complex, and so it’s best to get tailored advice before deciding what’s right for you.