Business valuations in financial remedy proceedings

This blog details the factors that indicate whether a business should be valued in financial remedy proceedings and highlights cases in which a valuation may be unhelpful, where the principal value of the company is as an income stream or if there is a range of opinion about the value or where the value may be theoretical. The most common types of …

child maintenance

Child maintenance – who pays and how much?

Non-resident parents i.e. parents who do not have the child(ren) a majority of the time will need to consider whether they are liable to pay child maintenance to the primary carer. Traditionally, the formula used in calculating how much a non-resident parent should pay has been notoriously complex and difficult to understand. Initially, an old scheme was devised by the Child …

Should I sign a separation agreement?

If spouses separate, they can enter into a separation agreement which provides for maintenance, care of the children and any division of property, as an alternative to divorce proceedings. These agreements are widely known as separation agreements, maintenance agreements or post-nuptial agreements and can be made either before or after the parties separate. Whilst these different forms of agreement do offer …

Non-matrimonial property – how do the courts deal with it?

The overall ‘pot’ of assets for separating spouses can be divided into matrimonial and non-matrimonial assets. The distinction can be difficult to draw, particularly when the marriage is long and the assets which were acquired prior to the marriage have since been mingled with matrimonial assets. Non-matrimonial property can be property which has been brought into the marriage by one …

Spousal maintenance of £34,500 a month – Heard and Depp

Last week we blogged about Amber Heard and the alleged violence she suffered at the hands of her husband, actor Johnny Depp. Since the making of a restraining order against Depp, Amber Heard has now filed for spousal maintenance from him assessed by her lawyers at $50,000 per month, the equivalent of £34,500. The figure is based on her ‘basic’ expenses …