Have a look at our informative legal guides to help you feel prepared.
During a divorce or dissolution of a civil partnership, finances often play a big role. After property, pensions may be your most valuable asset. They will most likely come into any financial settlement you and your former partner reach.
If you’re looking to remove or add a name to the deeds of your property, or ‘buy out’ an ex-partner, you’ll need a transfer of equity. Here are a few different reasons you might need a transfer of equity, how you can go about getting the process started, and what you need to do.
When going through the court process to get a divorce, you will come across these two decrees. They are the necessary court orders which will legally end your marriage. These are a Decree Nisi and a Decree Absolute.
Applying for a divorce can be a difficult decision to make, especially if you’re not sure your partner will sign your petition. Crucially though, you do not need your partner’s consent to get a divorce. Although it may be a long process if your partner doesn’t comply, they will not be able to stop you indefinitely.
Financial settlements are often a large part of the divorce process. They can also be a confusing part because they can continue even after you have legally divorced – sometimes a long time after. Therefore, it’s important to know how to secure your financial rights and stop financial claims in the future from your ex-spouse.
There are several routes you can go down if you want to transfer property to family members. The types of transfer you can do and the different taxes you might have to pay all depend on a variety of things. This article explains the main options available to you, the positives as well as the risks attached to them.
If you have a mortgage on your house, transferring equity might seem complicated. There are a few extra steps you’ll need to take, but the process can actually be very straightforward. Usually, through the process, your conveyancing solicitor will be there to advise you.
It is strongly advised that you hire a solicitor for a prenuptial agreement. You and your partner will need to seek separate legal advice to avoid a conflict of interests.
A transfer of equity is when a property owner adds or removes parties from the title deeds. Ownership of the property changes, but at least one of the original owners remains on the title deed. A transfer of equity can happen, for example, if you add a child to the title deed, or remove an ex-partner from the deed.