The first financial steps following separation
In this episode of The Candid Divorce Lawyer, Kimberley Davies is joined by Family Solicitor Kate Lewis to explore important financial matters following a separation. They cover topics such as financial disclosure, legal entitlements, interim financial arrangements, and the value of seeking early legal and financial guidance.
Kate addresses:
– What are the first financial steps to take after a separation, and why is full financial disclosure so important?
– How should interim financial arrangements for bills, mortgages, and shared accounts be handled during separation?
– What legal protections exist for joint bank accounts, credit cards, and occupation of the family home?
– Can one partner be forced to leave the family home, and what are the legal challenges involved?
– How are assets and debts divided fairly when there is no legal agreement in place?
In this episode:
- 00:00 Introduction to Family Solicitor Kate Lewis
- 02:59 Handling bills and mortgages during separation
- 05:01 Safeguarding joint accounts and credit card debts
- 06:51 Understanding your rights to occupy the family home
- 10:06 Fairly dividing assets and debts after separation
- 13:10 Navigating finances and emotions post-separation
- 16:59 Crucial steps: avoiding pitfalls and getting early legal guidance
