10 October 2024
Navigating grandparents’ rights on divorce or following the death of a parent
Grandparents have become increasingly involved in their grandchildren’s day to day lives over the last few decades, providing love, support, child care and a sounding board for frazzled parents. A number of studies have highlighted the benefit to children of having positive relationships with their grandparents and the importance of these connections is celebrated each year on Grandparents’ Day. However, as family dynamics shift over time, particularly following a divorce or bereavement, grandparent/grandchild relationships are often impacted.
27 March 2024
Mind your business: valuing corporate assets on divorce
With over 800,000 businesses incorporated in the UK every year, it is no surprise that business assets and in particular the disposal of business interests are often a significant issue when dividing assets between separating spouses in financial remedy proceedings. The landmark case of White v White [2000] introduced the starting point of an equal division of capital, as Lord Nicholls held: “There should be no bias in favour of the money-earner and against the home-maker and the child-carer”. However, the concept of matrimonial and non-matrimonial assets is vital in cases involving businesses, as the non-business owning spouse may have a weaker claim against the value of the business, in circumstances where the value was generated prior to the marriage or following the parties’ separation.