It is common to see a divorcing couple being unable to agree on how their assets should be split post-marriage, with differing accounts on how big-ticket items were financed before and during the marriage. This results in long, drawn-out court cases over the division of matrimonial assets, bringing much unhappiness to both parties and the people around them.
In this article, we aim to give an insight as to how both parties’ assets are split and divided post-marriage.
The Dummy's Guide To Making A Lasting Power of Attorney
What is an LPA? A Lasting Power of Attorney (“LPA”) is a legal instrument which allows a person who is at least 21 years of age (the “Donor”) to voluntarily appoint one or more persons (the “Donee(s)”) to make decisions and act on his/her behalf should he/she lose mental capacity one day.
On 7 April 2020, Parliament passed the COVID-19 (Temporary Measures) Act (the “Act”). The Act introduced measures for certain parties to obtain temporary relief if they are unable to perform their contractual obligations due to COVID-19. On 20 April 2020, Part 2 of the Act, which contains the provisions governing such temporary relief, came into force as well as regulations giving more details on how to serve a notification for relief – see the COVID-19 (Temporary Measures) (Temporary Relief for Inability to Perform Contracts) Regulations).
Lessons from Stan Lee and Buzz Aldrin - The Importance of Safeguards in Lasting Powers of Attorney to Prevent Financial Abuse
Stan Lee and Buzz Aldrin’s financial abuse cases provide valuable lessons on the need for safeguards in later life planning — especially with lasting powers of attorney. We share how you can design better and safer later life plans and lasting powers of attorney to protect yourselves and your loved ones.
Children Caught In The Crossfire – Co-parenting During A Divorce
A divorce can have a lasting impact on a child’s life. During a divorce, a child may observe that his parents have gone from best friends to enemies that may no longer be on speaking terms. He may have to grapple with the breakdown of his family unit, and have to accept that spending time with both parents means shuttling between homes. Some children may witness constant fighting, and have also been used by their parents as messengers or pawns in the divorce battle. Needless to say, the way a divorce is handled can have different effects on a child.
Navigating the Process under the Probate and Administration Act
The loss of a loved one is painful and often comes as a shock. In this current climate, with the global pandemic Covid-19, seeing constant headlines of rising infection rates and death tolls may have desensitised us to the extent that we see death as just a number. Unfortunately for those who have had to experience...
Death is a taboo subject to many. Therefore, people choose to avoid discussion on the subject. However, the increasing number of deaths caused by the coronavirus pandemic globally has now brought home the possibility and fear of death to many people. With social distancing measures and lockdown...