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.
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.
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  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.
BTO Family Law partner Lesley Gordon provides some clarity to the subject of family businesses and divorce.
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.
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.
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.
I don’t want to mention the “C” word. However, the reality is that I have to. Coming into week 5 (I think?!) of lockdown the impact of the virus is becoming abundantly clear. The immediate implications including domestic abuse, surrogacy, compliance with court orders and maintenance orders have all been covered by my colleagues. My thoughts now turn to settlement of financial claims.
If you have ever received an inheritance or gift you will be well aware that these items can very often hold great sentimental value. However, not only can they hold a place in our hearts, these items can also hold significant economic value. [Read more…] about Inheritance, Gifts and Divorce – what you need to know
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.