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    Introducing Stowe talks podcast series 2

    Our Stowe talks podcast series gives you access to expert advice from some of the best divorce professionals in the UK.
    In series two, family lawyers Matthew Taylor and Liza Gatrell are joined by special guests to explore issues including economic abuse, pensions and divorce, handling fear and uncertainty, overcoming loneliness and post-separation abuse. 
    With guests, Rosie Lyon, Ceri Griffiths, Tosh Brittan, Claire Macklin (nee Black) and Caron Kipping. 
    Take a listen
    Dealing with post-separation abuse 
    Divorce coach and domestic abuse specialist, Caron Kipping explains what post-separation abuse is, its impact, how to build the right support team, the power of reframing, and how to focus on what you can control to help build a positive future.
    Listen on Spotify
    Surviving economic abuse 
    Domestic abuse survivor, Rosie Lyon, explains what economic abuse is, the red flags, the support available, particularly in the banking system, and how people can safeguard themselves in the future. 
    Listen on Spotify
    Understanding pensions on divorce 
    Divorce financial planner Ceri Griffiths explains the different types of pensions, how to value one, the role of an actuary report, issues around offsetting, and pension sharing options.
    Listen on Spotify
    Overcoming loneliness
    Divorce Coach Tosh Brittan describes how loneliness can easily sneak up, how embracing it can help, and practical advice on dealing with it.
    Listen on Spotify
    Handling fear and uncertainty 
    Listen as Divorce Coach Claire Macklin (nee Black) shares tools to help you cope with the fear and uncertainty divorce brings, and take back some control. 
    Listen on Spotify
    Find out more
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    Find our show on Spotify  
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    9 divorce myths debunked by a divorce lawyer

    There are some common myths about divorce that remain steadfast despite being unfounded and incorrect in the eyes of the the law. Stowe managing Partner Amanda Phillips-Wylds debunks the top 9 divorce myths.
    Top 9 divorce myths
    When you decided to get divorced you might have heard or read lots of conflicting stories about what to expect about the process. It can feel very confusing. Based on my years of practice, I have put together a list of the 9 most common misconceptions I hear from my clients to help you reset your expectations and move forward with clarity.
    Myth 1 – Divorce always ends in court battles which leave spouses angry and bitter.It is very rare for spouses to have to attend court. Since the arrival of no-fault divorce spouses can no longer object to divorce proceedings being filed. Court intervention would only be necessary if couples are unable to settle disputes over financial claims, but this is still a last resort and before they get to this stage, they will have had to have tried other options such as mediation.
    Myth 2 – Divorce is always expensive.Costs can escalate quickly when it comes to resolving financial claims, especially if spouses cannot agree and take the case to court. However, they can undertake the divorce proceedings themselves to avoid incurring legal fees, alternatively many solicitors offer a fixed fee to act in divorce proceedings which will not be disputed.
    Myth 3 – Celebrities are special and so get ‘quickie’ divorces.The court processes divorce petitions in the order in which they are received. No divorces are singled out to be rushed through.
    Myth 4 – Assets are always shared equally on divorce.The starting point for division of assets is a 50/50 split, this is known as the ‘yardstick of equality’. However, it will not be appropriate in all cases to share the assets equally. There is no set formula which the court uses to make a decision, rather it has a list of factors it must consider and give weight to before arriving at a fair split. These include:

    the welfare of any minor child
    the income, earning capacity, and property each of the spouses has or is likely to have in the foreseeable future
    the financial needs, obligations and responsibilities which each of the spouses has or is likely to have in the foreseeable future
    the standard of living enjoyed by the family
    the age of each spouse and the duration of the marriage
    any physical or mental disability of either spouse
    the contributions which each of the spouses has made or is likely to make in the foreseeable future to the welfare of the family, including contributions in looking after the home or family
    the conduct of each spouse, if that conduct is so bad that it would be unfair to disregard it
    and finally the value of any benefit which a spouse will lose by reason of the divorce e.g. a pension.

    Myth 5 – Once you receive a Final Order that’s it.Unless there is an approved court order dealing with the financial claims spouses have as a result of their marriage, then either spouse could make a future claim against the other’s assets, even several years after they have been divorced. Having a Final Order does not end financial claims. There must be a court order that provides for a clean break.
    Myth 6 – There is an automatic right for the mother to have the children living with her upon separation.Upon separation it is for the parents to decide who the children will live with and how much time they will spend with the other parent. A court will not become involved unless the parents cannot agree, and they ask the court to make the decision for them. If a court does become involved its decision is based upon what it thinks is in the best interests of the child, and it has a checklist of factors to measure this against.
    As society changes, parenting roles are evolving from traditional norms and in more and more cases, fathers are taking a greater role in the care of their children, it is no longer unheard of for children to live with their father upon separation. There is no ‘standard’ arrangement for parents to follow when agreeing how much time children will spend with their father or mother once a relationship has broken down.
    The arrangements may differ during holidays and term time, and they normally evolve over time and as the children grow older. 50/50 shared care is becoming a more common arrangement between separated parents.
    Myth 7 – The parent with ‘custody’ of a child has greater rights than the other.Who a child lives with has no bearing on each parent’s role in making important decisions in the child’s life, or their role in caring for the child provided they each have parental responsibility.
    If both parents have parental responsibility, they both have an equal say in all the important decisions in the child’s life, for example in relation to education, medical treatment, religion, and property. The child’s mother automatically has parental responsibility for the child. The father will have parental responsibility if he was married to the mother at the time of the birth, if he is named on the child’s birth certificate, or if he has a Parental Responsibility Agreement with the mother or an order from the court.
    Myth 8 – If they are not receiving child maintenance, the parent with whom the child is living can stop the other parent seeing the child.There is no legal basis to stop the parent who must pay child maintenance from seeing their child if they stop paying. The remedy is to contact the Child Maintenance Service for a calculation.
    Myth 9 – Unmarried women have rights over property as Common Law Wives.There is no such thing as common law marriage in the UK, and so there is no automatic right to share assets between unmarried couples upon relationship breakdown. If a couple is going to cohabit or buy a property together it is important for them to obtain legal advice on what shares they will each have in that property and how this will be recorded.
    Get in touch
    For more information about divorce or separation please do get in touch with our Client Care Team using the details below or make an online enquiry More

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    Budgeting For Kids: Teaching Your Children To Budget

    As parents, it is our responsibility to teach our children financial awareness. This includes showing them how to budget their money from an early age. Including them as a part of the family budgeting plans is a great thing, but it does not relate directly to them on their level. Therefore, helping your kids set up a budget of their own will teach them on a smaller scale what it is that you do every month with your finances.  If you child is old enough to have an allowance, they are old enough to learn budgeting for kids.
    Budgeting For Kids Provides A Firm Foundation 

    “Choose my instruction rather than silver, and knowledge rather than choice gold; for wisdom is better than jewels, and all that you may desire cannot compare with it. I have good advice and sound wisdom; I have insight, I have strength.” ~ Proverbs 8:10, 11, 14

    Being money wise is very important to your child being able to get started on their own and make it in the world. Knowledge about money and how it works should be shared with them naturally as they grow and opportunities for discussion arise. Whether you are teaching them how to look at the price per ounce part of the stickers at the grocery store, or teaching them to save a portion of their earnings, learning these basic principles will help them immensely when they have to manage money on their own. A great place to start is by introducing a budget worksheet for kids.
    Teach Them To Use A Budget Worksheet For Kids
    There are many budget worksheet options out there that you can find to help you with the basics. Or just use a spreadsheet program on your computer. The left hand column can be for the days of the week and the columns that span the page across will be the categories like games, food, clothes, gifts, and savings. A budget worksheet for kids can be made to suit your child’s age and earnings.

    A budget worksheet for kids should include a place for what they earn, expenses, savings, and charity. Explain to them that they need to fill out their chart or do it together the first few times. Help your kids see how to disperse the money into the categories. If you incorporate a rule that 20% goes into savings and 10% to charity, those should come out first as well as any expenses. The rest can be divided into the fun areas and once they spend it, the money is gone. They will learn that they need to earn more.
    You can find 13 different budget worksheets for kids and pick what best matches your child’s age and monetary experience level at moneyprodigy.com
    Set Goals And Provide A Budget Project For Kids
    When you were younger, before the time of children and marriage, you dreamed of having a family and a home. These dreams became goals for you, things to accomplish and make your life richer in a more spiritual way. To be a realist though, money truly does make the world go ‘round. There is nothing wrong with wanting to feel comfortable in your situation or provide your family with a home. In fact, it sets a great example for your children.
    Sit down with your kids and help them learn to set a short term goal (realistic) and a long term goal (big dream). It is great for kids to learn to work towards achieving their goals.  Have them draw a picture of the goal and hang it by the budget chart so they see it every day and remember why they are saving their money. The short term goal can be something as simple as buying a Matchbox car or saving for new clothes. The long term goal can be putting their money towards a car and/or college. Have them pick an actual dollar amount to work towards. Once they reach it, they can set the same goal again or another goal.
    Now that your child has some budgeting goals, give them a project! You should only use this budget project for kids if they are old enough. Also wait until they have become familiar with using the budget sheet. See if they can use their budget sheets to calculate how long it will take them on their current allowance or supplementing with additional earned income of blank dollars each month to reach their small goal and their large goal.

    Reward Your Child For Learning To Budget
    You can expect some hesitation, a little bit of resistance even. As your children begin to take initiative in budgeting, be sure to encourage them with a shopping trip to buy that item they had been saving for. Every new program needs to be tackled with a loving and supportive attitude. When the family steps up and applies the learnings, let them know how much you love and appreciate them back. Your reward comes much later in life when they are financially stable people!
    Being a parent is a true blessing, but one that does not come without its responsibilities. It will feel really good to know that by teaching budgeting for kids, you are helping to prepare them for a successful future.
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    5 Ways To Save Money During The Holidays More

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    College Scholarship Strategies: How To Start Early

    As a parent of two teenagers, I can tell you that college is on our minds already and so are scholarships. I certainly don’t want my children to saddle themselves with huge student loans. They know how important a good education is and they know that means giving their studies their full effort now. They […] More