Finances

BTO Family Law Team / September 25, 2023

Sophie Turner v Joe Jonas – When Everything is Not So Perfectly Fine

Sophie Turner files wrongful retention court proceedings against Joe Jonas, requesting that their children be returned to the UK.

You know what they say, a week is a long time in show business. In that short space of time the highly publicised divorce of Sophie Turner and Joe Jonas has gone from “amicable” to not so Perfectly Fine as she has today (Friday, 22 September) filed papers in the UK asserting that their children are being wrongfully retained in New York City and seeking their return to live with her in the UK.

Kirsty McGuinness / November 3, 2022

Cohabitation reform – The Scottish Law Commission’s recommendations

Yesterday, the Scottish Law Commission (“the SLC”) published its eagerly awaited (in legal circles anyway!) Report on Cohabitation. As anticipated, the report recommends fairly significant reforms to the law relating to cohabitants’ claims on separation. Here, some of those recommendations are highlighted.

Debbie Reekie / October 26, 2022

Advantages of a prenuptial agreement

It is fair to say that we are living through a time of uncertainty. The pound has fallen against the dollar following the resignation of Prime Minister Liz Truss. Alongside a cost of living crisis and the sharp rise of inflation, the economic landscape of the UK is rather bleak.

Roisin Kerr / April 6, 2022

Cryptocurrency and Divorce

Although the concept of cryptocurrency may seem daunting and perhaps overly risky to some, there is no denying that interest in the cryptocurrency world is on the rise. With the increase in popularity of cryptocurrency in recent years, it has become a consideration for separating couples and a hot topic amongst Family Lawyers.

Lesley Gordon / January 21, 2022

Business Valuation in Divorce Settlements – Establishing Fair Shares

Quantifying shareholding value can be challenging at the best of times but hypothesising a company’s value in a retrospective market can be even more taxing.

Lesley Gordon / December 20, 2021

Financial Claims on Divorce, Lottery Winnings and Dissipation of Assets

Lottery winners occasionally appear in the news headlines with a photograph of the lucky winner usually posing with an oversized cheque, but it is not often lottery winnings are considered in the context of family law in Scotland. The recent case of J v J [2021] CSOH 67 came before Lady Wise in the Outer House of the Court of Session with one of the main issues being whether the assets and funds derived from lottery winnings were matrimonial property.

Lesley Gordon / December 8, 2020

Family Business – a Messy Business?

BTO Family Law partner Lesley Gordon provides some clarity to the subject of family businesses and divorce.

Lesley Gordon / December 2, 2020

Do I really have to pay for half of my spouse’s secret credit card debt?

The breakdown of a marriage or civil partnership can often bring with it some nasty surprises. This applies equally to your finances as it does to other aspects of your relationship.

Lesley Gordon / November 30, 2020

Divorce In Scotland

St Andrews Day is today and whilst it has got us feeling somewhat patriotic, it has also got us thinking about the differences between Scotland and England & Wales. One such difference is the starkly contrasting legal systems that are at play, particularly when it comes to Family Law.

[Read more…] about Divorce In Scotland

Lesley Gordon / October 13, 2020

Can I ask my spouse for financial support if we decide to separate?

If you and your spouse are considering separating, you will no doubt be thinking about your future finances. This can cause a lot of anxiety particularly if you have been financially dependent on your partner over the course of your marriage and you may be concerned about how you will support yourself going forward.