The value of a family business or business interest is treated as an asset and therefore part of the matrimonial pot to be distributed when it comes to negotiating a financial settlement on divorce or...
number of Guides are already available for LiPs to assist them in navigating
the field of financial remedy dispute resolution. We do not intend to ‘re-invent the wheel’ by
preparing yet another. We highly
recommend the Guide prepared by Advicenow entitled ‘Applying for a financial order without the help of a lawyer’. This is a comprehensive step-by-step guide to
financial remedy proceedings, and has useful links to other sites, including
court forms, the substantive law, legal aid etc. Readers will find a useful "worked example"
setting out simply and pictorially the process of a financial remedy case. The guide to completion of the Form E
provides invaluable assistance for the unrepresented litigant; note also the
descriptions of the individual hearings, the relevant court documents, and the
‘jargon buster’. For those who are not married, reference can be made to the
complementary and comparable guide.’
The financial guide is also for
people supporting others in this situation, for example Personal Support Unit
volunteers, CAB volunteers, advice workers, housing support workers and court
staff as well as relatives and friends. Legal language is explained and there
is a jargon buster for quick reference. The guide warns that the information is
for general purposes only and should not be relied upon a substitute for legal
advice in specific circumstances: it will only be of limited use in ‘high
value’ cases. Contents include advice on mediation, when legal aid might be
available, court fees and lawyers’ costs. See also, Divorce and Separation: The Expert Guide to a Successful Outcome.