This article was published on July 2nd, 2015
The UK has been fortunate enough to experience a number of property booms in recent years and this has seen some residential properties double or even triple in value. This appears to have triggered a number of divorcees going back to court in search of a more lucrative settlement. In fact, according to new High Court figures, the numbers of divorcees wanting to relook at the original settlement has doubled in a year.
As the economy bounces back, so do share prices and this has led to people wanting a more generous pay out many years after the original split. A well-publicised example of this is Ecotricity Limited founder Dale Vince, whose ex-wife is claiming for maintenance 20 years after they divorced. This year the Supreme Court granted his wife the go-ahead to bring a claim for financial support because there is no time limit for spouses to make a claim for financial provision.
Since 2011, the number of cases involving divorcees seeking a better deal from their former spouse has risen eightfold. If the value of assets divided up by couples originally, when the economy was not doing so well, goes up, then ex partners can make a claim if the agreements was never formalised by a court order.
Assets such as pensions and shares which didn’t seem worth fighting over are now worth a revisit.
Getting your divorce settled fairly and finally is important for everyone concerned, so make sure you protect yourself and your family and seek the best divorce advice available.
If you are interested in finding out more about your nuptial agreements and whether they are right for you and your partner then contact one of our specialist solicitors now to talk you through the process and help you decide if its right for you both. Thorneycroft specialist divorce solicitors offer expert help and advice on the legal and financial implications of a relationship breakdown. Each member of the team has the required skills to negotiate a financial settlement ensuring a positive outcome for you.
IF you live in Macclesfield, Buxton, Holmes Chapel or surrounding areas and require divorce law advice or to discuss your separation in more detail please call one of our specialist solicitors now on FREEPHONE 0800 1979 345, or complete our simple enquiry form.