To avoid expensive Court proceedings to determine a party’s rights should a family relationship end, consideration of entering into a Financial Agreement should be given.
There are a variety of different Financial Agreements which can be made during a relationship. All are called Binding Financial Agreements (BFA’s). Binding Financial Agreements include: (read more)
Your loved one has just passed away and left you an inheritance. But how do you get it? If there is a Will then you may need a Grant of Probate. If there is no Will, then you may need a Grant of Letters of Administration. (read more)
Where a party to a relationship received an inheritance during the relationship it is normally included in the asset pool available for property division with the party who received the inheritance receiving an adjustment for the contribution to the asset pool. How much weight the Court gives on account of the contribution depends on the size of the inheritance and how the moneys were used, that is whether it has been spent for everyday living expenses, for holidays or put into an asset that still exists. (read more)
