Family Matters episode 4: Divorce and finances

Published: Sept. 29, 2021, 10 a.m.

Guest Starring: Sharon Priday and Andrew Williams 

Host: Mili Sandifer-Smith, Ince

Topics: Divorce; Matrimonial Finances; Private Wealth; Matrimonial Assets; Asset and Financial Protection; Financial Disclosure; Separation; Wills; Income Tax; Inheritance Tax; Capital Gains Tax; Property

In the fourth episode of “Family matters”, Sharon Priday, Managing Associate, and Andrew Williams, Managing Associate come together to bring you both the family and the private wealth legal perspective on matrimonial finances.

Sharon provides us with an overview of the matrimonial financial process to include when you could be protecting your wealth and how best to do this. We discuss the financial disclosure of pensions, medical records, business records, and inheritance. Andrew delivers persuasive points for separating couples to consider in terms of their Wills and how they hold their property. He also gives us an overview of how Capital Gains Tax and Income Tax can play an important role in the matrimonial financial process.

Useful Links:
Ince – https://www.incegd.com/en/services/family-matrimonial
Ince - https://www.incegd.com/en/news-insights/family-demystifying-wills
Ince - https://www.incegd.com/en/news-insights/married-separated-or-divorced-how-does-your-marital-status-affect-your-tax-treatment
Citizens Advice - https://www.citizensadvice.org.uk/family/sorting-out-money/benefits-and-help-with-council-tax-when-you-separate/
Divorce Online - https://www.divorce-online.co.uk/blog/tax-rules-on-divorce/
HMRC - https://www.gov.uk/tell-hmrc-change-of-details/relationship-or-family-changes