The First Financial Steps Following Separation
In this episode of The Candid Divorce Lawyer, Kimberley Davies is joined by Family Solicitor Kate Lewis to explore important financial matters following a separation. They cover topics such as financial disclosure, legal entitlements, interim financial arrangements, and the value of seeking early legal and financial guidance.Kate addresses:- What are the first financial steps to take after a separation, and why is full financial disclosure so important?- How should interim financial arrangements for bills, mortgages, and shared accounts be handled during separation?- What legal protections exist for joint bank accounts, credit cards, and occupation of the family home?- Can one partner be forced to leave the family home, and what are the legal challenges involved?- How are assets and debts divided fairly when there is no legal agreement in place?In this episode: 00:00 Introduction to Family Solicitor Kate Lewis02:59 Handling bills and mortgages during separation05:01 Safeguarding joint accounts and credit card debts06:51 Understanding your rights to occupy the family home10:06 Fairly dividing assets and debts after separation13:10 Navigating finances and emotions post-separation16:59 Crucial steps: avoiding pitfalls and getting early legal guidanceLoved this episode? Subscribe on Spotify, Apple or Amazon Music Leave a 5⭐ review – it helps more people benefit from this podcast or please share with someone contemplating separation or divorce Follow us on: Instagram: @candiddivorcelawyer TikTok: @candiddivorcelawyer Website: www.candiddivorcelawyer.com