What’s yours is mine…what’s mine is yours…
Isn’t that the old adage?
Well, in divorcing couples, the starting point is pretty
close to that: 50-50. For some of you,
that may seem fair and acceptable. But
for many, it is a principle that reeks of unfairness. Years of hard work, long hours to build up
that business, allowing you to live in a lovely house, with beautiful
furniture, take luxurious holidays several times a year and now your divorcing
ex who has not worked a day will be entitled to half of everything?
Let me be a little more precise here – if you have young children,
who will be residing mainly with the divorcing ex, a little more than 50% will
be awarded! Can make you feel a little
unnerved, can’t it?
Strategic planning is vital in divorce cases. It could make a big difference between
meeting a divorcing ex’s needs or paying over the odds.
I wish I had met Kevin Fiore before his breakdown and
perhaps the interpretation that he applied to the ‘equality of division’
principle would have been less literal!
Some of you may have read about Kevin in this week’s Metro
(25th July 2012), in which it was reported that he took revenge on
his ex-wife, by sawing their furniture in to pieces and writing ‘Kev’s half’ on
some of them. His actions had him
arrested and on Monday he received a two year Supervision Order at Stoke Crown
Court for his actions which had resulted in £5,184 worth of damage to property
in the family home.
Although a very real and literal approach to the equality of
division principle, it’s not one that the courts will think too highly about.
Come and speak to one of the Family Lawyers here at Bains
Cohen and let us formulate a strategy to help you through your divorce. Don’t leave it too late!
Rupinder Bains
Partner
Bains Cohen LLP
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