Regardless of personal opinions and reasons for deciding to marry or not to marry, the law simply does not recognise cohabiting couples when it comes to inheritance.
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Read jargon-free articles and guidance pieces written in-house by our solicitors and keep up to date with what's happening at Neves.
It is often the case that parties to a divorce do not have the same financial resources at their disposal, for example, one party may have been a stay-at-home parent allowing the other to climb the career ladder to a well paid job. Similarly, one party may have a steady, ready income whereas the other may have money, but that money may not be readily accessible for instance where it is tied up in property.
It is worrying to think about what would happen to your personal affairs and finances if you were to lose mental capacity. But what about the stability of your business and the financial future of it and any employees?
When we are drawing up Wills for clients who have children and grandchildren, we find that most of our clients want to benefit their family, and if possible pay as little Inheritance Tax as they legally can, so that future generations can benefit from the value of their property and their life savings.
Family arbitration is a method of resolving a dispute and an alternative to going to court where mediation and /or negotiations between parties, with or without their solicitors, have failed to result in an agreement. A separating couple can use this service perhaps where they have a dispute over finances or over the arrangements regarding the children, following the breakdown of their relationship.
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