Is divorce amongst the over-65s on the increase?

A study in the U.S (reported in the Independent), has identified that 36% of adults getting divorced are aged 50 or older and that the only age group with an increasing divorce rate is adults aged 65 and older.

This raises questions about how ‘grey’ divorcees will manage financially in old age when they need to fund two homes and lifestyles instead of one.

The study says that typically, divorces at this age will negatively impact women more than men and that in heterosexual relationships, the economic effects are reportedly “less severe” for men. The survey found that middle-aged men may even experience an income bump after their divorce. Typically, women in younger generations are more likely to work well into middle age than their older counterparts.

Social norms perpetuated in past decades, like men being the sole breadwinners and providers, result in the economic disadvantages that “grey divorces” impose on women.

Instead of relying on their spouses to manage the finances, future generations of women are therefore encouraged to take a more active role in the family finances. In the event of a divorce, having a backup plan will leave them on a better financial footing. Pre-nuptial and post-nuptial agreements can be important tool in planning ahead.

Here are 5 practical steps to take for those facing or considering a “grey divorce” to ensure financial stability and well-being:

1. Assess financial situation:

• Inventory Assets and Liabilities

• Budget for Two Households

2. Legal and financial advice:

• Consult a Financial Planner

• Hire a Divorce Consultant and / or solicitor

• Evaluate Retirement Plans

• Consider Employment

3. Health insurance and care planning:

• Health Insurance Coverage

• Long-Term Care Planning

4. Legal documents and estate planning:

• Update Legal Documents

• Estate Planning

5. Emotional and social support:

• Seek Counselling

• Build a Support Network

• Take Charge of Finances

• Emergency Fund

We are a team of 5 experienced lawyers who are acting as divorce consultants, helping people navigate the legal maze and stop them making expensive mistakes.

If you would like more information regarding any of the above or you know someone who may benefit from speaking to us, please do contact me. We don’t charge for an initial consultation.

How to divide up possessions when you divorce?

Dividing up marital possessions often causes significant problems and is frequently addressed at the end of the divorce case, after the financial and children’s issues have been settled.

This is an emotional subject, and for obvious reasons, solicitors often have great difficulty in keeping it under control. The process can be both time consuming and costly if not handled properly.

Common challenges in dividing possessions

Dividing up marital possessions often causes significant problems and is frequently addressed at the end of the divorce case, after the financial and children’s issues have been settled. This is an emotional subject, and for obvious reasons, solicitors often have great difficulty in keeping it under control. The process can be both time-consuming and costly if not handled properly. Many people spend thousands of pounds arguing endlessly over items that have little monetary value but hold significant emotional attachment. This can lead to unnecessary legal expense to determine ownership disputes, which further strain both parties financially and emotionally.

A constructive approach to dividing possessions

To avoid prolonged disputes, here’s a step-by-step guide to one constructive approach:

• Categorise Items: Create separate schedules for different categories of items, such as kitchen items, furniture, artworks, sound and music equipment, etc.

• Assign Values: Agree on the value of each item listed in the schedules. This can be done through mutual agreement or for valuable items, by consulting a professional appraiser.

• Toss a Coin: To decide who picks first, toss a coin. The winner of the coin toss gets to choose the first item from the first schedule.

• Alternate Picks: As compensation for going second, the other party is allowed to choose the next two items. After that, each party alternates in choosing an item until the schedule is exhausted.

• Repeat the Process: Once a schedule is exhausted, move to the next schedule and repeat the coin toss. The winner of the second toss then has the option of taking, if preferred, the second and third items in the new schedule.

Additional tips for a smooth division

• Prioritise Emotional Value: Understand that not all items have the same emotional significance to both parties. Open communication about why an item is important can help facilitate more amicable decisions.

• Hire a Mediator: If the process becomes too contentious, consider hiring a neutral mediator. Mediators specialise in helping couples reach mutually acceptable agreements without the high costs of arbitration or court.

• Document Everything: Keep detailed records of all possessions and their agreed values. This documentation can prevent future disputes and serve as a reference if disagreements should arise.

• Be Willing to Compromise: Both parties should be prepared to compromise. Holding on to minor items can lead to unnecessary stress and legal expenses. Focus on the bigger picture.

• Consider Future Needs: Take account of the future needs of both parties. For example, if one person is keeping the family home, they may also need the items that go with it, such as appliances and furniture.

Legal considerations

• Prenuptial Agreements: If a prenuptial agreement exists, review its terms regarding the division of possessions. This document can determine how assets are allocated.

• Tax Implications: Consider the tax implications of dividing certain assets. For instance, selling a valuable item to divide proceeds might have tax consequences that need to be addressed.

Dividing possessions during a divorce is undoubtedly challenging, but with careful planning, clear communication, and a willingness to compromise, it can be managed effectively.

We are a team of 5 experienced lawyers but, what makes us different to a firm of solicitors, is that we are acting as divorce consultants. We help people navigate the legal maze and stop them making expensive mistakes. We use our experience of the divorce process to find solutions to lower the temperature and save money.

If the above resonates or you know someone who may benefit from speaking to us, please do contact me. We don’t charge for an initial consultation.

New beginnings: navigating child relocation after divorce

Relocating with children after a divorce can be a challenging process that affects everyone involved.

After splitting up, one parent may want to move their children to a different location. They may for example wish to return to where they grew up, where they have a family support network, to an area where it is cheaper to live or where schooling is better, and the sun will shine more often. However, this is not straightforward and relocating abroad is very different to wanting to relocate within the UK.

Obviously, wherever possible parents should discuss and agree the arrangements, but that is often difficult, and the parent who will be seeing less of their children or will have more difficulty in seeing them will often object to any such move.

International relocation requires the other parent’s consent and, without it, could lead to a child abduction case and the child’s forced return. Therefore, if the other parent won’t agree you will have to apply to the court for permission. Such applications are difficult, expensive to make and have no guarantee of success.

Relocating within the UK does not need the other parent’s consent. Nevertheless, without consent, the objecting parent can apply to the court to prevent the relocation.

The court will decide what is in the child’s best interests and, unless there is a good reason to the contrary, will want the children to have a meaningful relationship with the other parent and take account of factors like the distance of the relocation, schooling, support network and even the children’s view.

To avoid costly court cases with uncertain outcomes and increasing bad feelings, the first step and the best way forward, should be parental communication and compromise. Failing that, discuss the matter with a lawyer who is used to dealing with this issue.

We are a team of 5 experienced lawyers but, what makes us different to a firm of solicitors, is that we are acting as divorce consultants. We help people navigate the legal maze and stop them making expensive mistakes. We use our experience of the divorce process to find solutions to lower the temperature and save money.

If the above resonates or you know someone who may benefit from speaking to us, please do contact me. We don’t charge for an initial consultation.

Cohabiting, divorcing or contemplating divorce?

According to a survey by Canada Life 51% of UK adults have not written a will and are not in the process of writing one, with 13% having no intention to write a will in the future.

If you are cohabiting, divorcing, or contemplating divorce you should make a will or, if you already have a will, you should update it. Otherwise, your estate may end up in unintended hands.

With so many people living together and not getting married, the importance of making and keeping wills up to date has become increasingly more important. For example, if you cohabit and die without making a will then, instead of your estate (and even your share of any house you have bought together), ending up with your partner as you might have intended, it could pass to some relative under the rules of intestacy, leaving a former long-term partner having to find a new home!

And, even if you have a will, when you get married or enter a civil partnership, an existing will automatically becomes revoked. Therefore, if an individual does not subsequently make another will before they die, their estate could be treated as if they don’t have a will and again that the ‘rules of intestacy’ will apply.

As before, these rules may not reflect their wishes and could mean that their loved ones aren’t provided for in the way they would like.

If you marry or have a civil partnership and then divorce or are contemplating divorce, making a new will means that your estate will be dealt with in the way that you want, including that your children and that any new spouse or partner will be provided for. A new will can help prevent potential claims against your estate under the Inheritance Act or by an ex-spouse who might make a financial claim.

We are a team of 5 experienced lawyers but, what makes us different to a firm of solicitors, is that we are acting as divorce consultants. We help people navigate the legal maze and stop them making expensive mistakes. We use our experience of the divorce process to find solutions to lower the temperature and save money.

If the above resonates or you know someone who may benefit from speaking to us, please do contact me. We don’t charge for an initial consultation.

Did you know we now have the lowest divorce numbers for 50 years?

The 2022 figures from the Office of National Statistics reveal there were 80,057 divorces in England and Wales down almost 30% from the 113,505 divorces in 2021. That is the lowest level of divorces since 1971.

We will have to wait for the 2023 figures to see if there is indeed a downward trend, but does this really mean that more marriages are succeeding? We suggest some of the reasons for the low figures: – The state of the economy has forced couples to stay together. More people are cohabiting, so there are less marriages and hence less divorces. The continued cultural shift towards more communication and therapy. Couples are now more likely to seek help and work through issues rather than immediately resorting to divorce. The new ‘no fault divorce’ law introduced in April 2022. We explain below why ‘no fault divorce’ may have skewed the 2022 figures.

The attraction of the new procedure is that it is no longer necessary to blame the other party for causing the divorce.

Accordingly, many of the people who were considering divorce in the back end of 2021, decided to wait until April 2022 when the law changed.

That was all very well but the new divorce procedure required a ‘cooling off’ period of some 20 weeks between the start of the divorce and the grant of the conditional order (previously known as the decree nisi), and then another 6 weeks before the final order (previously the decree absolute).

So, those applying for divorce in April 2022 may well have had to wait until 2023 before they were divorced thereby deflating the 2022 figures.

We are a team of 5 experienced lawyers but, what makes us different to a firm of solicitors, is that we are acting as divorce consultants. We help people navigate the legal maze and stop them making expensive mistakes.

We use our experience of the divorce process to find solutions, lower the temperature and stop people wasting their money.

If you know of someone who may benefit from speaking to us, please tell them to contact me. We do not charge for an initial consultation.

Prenuptial agreements

With more people than ever getting married later in life (some for the second or third time), there are often situations where existing assets need to be protected from the possibility of a future divorce – particularly where there is ‘inequality’ in the parties’ respective financial positions.

For example, a divorcee ‘bringing assets or money from their previous divorce settlement into a new marriage; a person who before marrying has managed to buy a property of their own (with or without help from family); or someone who has inherited or due to inherit a significant amount of money.

With some 42% of marriages ending in divorce the question is ‘is it fair for a divorcee to claim a share of assets or money that were built up by their husband or wife before they got together’?

The answer is that in law they may be entitled to share in pre-acquired assets so, to protect those assets, one answer is for the parties to consider entering into a prenuptial agreement. Such an agreement will set out the financial arrangements that will apply in the event of the parties divorcing.

As long as certain requirements are met, the divorce courts now take such agreements into account. The overriding requirement is the agreement must be fair. Also; there must be full disclosure by the parties of their world-wide assets and liabilities; each party must have obtained their own independent legal advice; and the agreement must be entered into a reasonable time before the marriage (to avoid the pressure of being asked to sign the day before the marriage takes place).

A prenuptial agreement can be simple or complicated. For example, it would be reasonable to assume that the settlement in a childless marriage of less than 5 years would be less than that for a 10 year marriage with 2 children, or even a 20 year marriage. Accordingly, prenuptial agreements can be long and with complicated provision for differing scenarios.

We are a team of 5 experienced lawyers but, what makes us different to a firm of solicitors, is that we are acting as divorce consultants. We help people navigate the legal maze and stop them making expensive mistakes. We use our experience of the divorce process to find solutions, lower the temperature and stop people wasting their money.

If you know of someone who may benefit from speaking to us, please tell them to contact me. We do not charge for an initial consultation.

Don’t waste money when divorcing in 2024

Over the last 15 years or so, the divorce process has changed enormously. Here are some of the key steps that can now be taken to save money on legal fees:

1. Since April 2022 and the introduction of ‘no fault divorce’, applying for divorce can be made online at the government website. The process is straightforward, and it is no longer necessary to pay a solicitor to do this.

2. The parties can also save money on legal fees by agreeing the financial settlement and children arrangements between themselves.

3. If the parties can’t agree between themselves, then the next best way to resolve matters is often through mediation. In this case a third party, a ‘mediator’ helps the parties reach agreement.

4. There are lots of mediators to choose from and the choice of mediator is very important. The parties should check the mediator’s credentials and experience. Before committing to them, the parties should individually have a conversation with the mediator to help judge that they feel comfortable with the mediator and that there is a ‘fit’.

5. To finalise and make any agreement binding (whether reached directly between the parties or in mediation), a court order is required. This is normally a rubber-stamping exercise dealt with remotely. Attendance at court is not necessary.

6. If the parties can’t reach agreement themselves or by mediation, then it is possible to save money by both parties instructing the same solicitor.

7. This is a recently introduced process called ‘one solicitor two clients’.

8. To help the parties understand the legal position, it is also possible for them to consult the same barrister. The barrister will evaluate the situation and express a view as to the likely outcome if their case were to be determined by a court. This is called a ‘neutral evaluation’.

9. If a party is going to end up in court, then they can save money by dispensing with a solicitor and just having a barrister. Not all cases or clients are suitable for this process, but it is worth considering. This is called ‘direct access’.

We are a team of 5 experienced lawyers but, what makes us different to a firm of solicitors, is that we are acting as divorce consultants. We help people navigate the legal maze and stop them making expensive mistakes. We use our experience of the divorce process to find solutions, lower the temperature and stop people wasting their money.

If you know of someone who may benefit from speaking to us, please tell them to contact me. We do not charge for an initial consultation.

The importance of jurisdiction in international divorce cases

When international clients are involved, and there is a choice of where proceedings can be issued, the choice of jurisdiction can be all important.

The reason for this is that, in many countries, women are not awarded as much as they are by the English courts. Therefore, it is not uncommon for international men to seek to issue proceedings abroad and for international women to want to issue proceedings in England before their husband issue proceedings abroad.

Whilst there may be a dispute over who issued proceedings first or whether the issuing party qualifies to issue the proceedings in another country, the general rule is that, where the proceedings are commenced first, will normally be the jurisdiction that will apply, and the English courts will not then interfere.

Even where one party has contributed financially and the other domestically, England and Wales are two of the few countries that view marriage as a partnership.

For a long marriage our courts divide marital assets equally between the breadwinner and the housewife/househusband. This is often of particular significance to high, and ultra-high-net-worth families.

English courts also tend to scrutinise the parties’ financial resources more than most, and even indirect assets can be examined through trust and company structures. Our courts are known for being corruption-free and fair, even when powerful people are involved.

We are a team of 5 experienced lawyers but, what makes us different to a firm of solicitors, is that we are acting as divorce consultants. We help people navigate the legal maze and stop them making expensive mistakes. We use our experience of the divorce process to find solutions to lower the temperature and save money.

If you know someone who may benefit from speaking to us, please do contact me. We don’t charge for an initial consultation.