With the financial year end looming, finances and tax are hot topics on everyone’s mind at the moment. If you are separating, your divorce may be the last thing you think has year-end consequences, but if you are considering transferring assets between you then it is important that you seek professional advice before the year end on 5 April 2019.
Amazon founder Jeff Bezos and his wife Mackenzie recently announced that they were separating after 25 years of marriage. The couple are estimated to be the wealthiest in the world, with Jeff worth $137 billion according to the Bloomberg Billionaires Index.
Family Lawyer Denise Laverty discusses no-fault divorce, comparing the English and Scottish divorce systems in light of the UK Government’s open consultation on Reforms of the Legal Requirements for divorce.