Sarah Speed

Dec 19, 2024 | herrington-carmichael.com | Sarah Speed

Going through a divorce can be a ride on an emotional rollercoaster. Once on the other side of the big dipper you may find yourself considering living with a new partner. While this can feel like a fresh chapter, it is important to understand the legal implications of cohabiting before your divorce is finalised, particularly if you have not yet achieved a financial settlement. Will Living Together Affect Your Divorce Settlement?

Dec 10, 2024 | mondaq.com | Sarah Speed

Losing your job unexpectedly is naturally stressful and likely to cause you financial anxiety. Adjusting to this sudden change requires practical steps to manage your finances, including informing your bank, mortgage lender, and other creditors. They may be able to offer advice and you can ask them to offer you a revised payment plan for your existing liabilities. If you are paying Child Maintenance (CM), you should also tell the other parent of your child/children.

Dec 9, 2024 | herrington-carmichael.com | Sarah Speed

Losing your job unexpectedly is naturally stressful and likely to cause you financial anxiety. Adjusting to this sudden change requires practical steps to manage your finances, including informing your bank, mortgage lender, and other creditors. They may be able to offer advice and you can ask them to offer you a revised payment plan for your existing liabilities.  If you are paying Child Maintenance (CM), you should also tell the other parent of your child/children.

Nov 6, 2024 | mondaq.com | Sarah Speed

On 30 October 2024, Chancellor Rachel Reeves confirmed that from January 2025, private schools will no longer be exempt from paying VAT. This change will impact all families with children in private school, but for separating or separated parents this additional expense is likely to be of particular concern given that when one household becomes two, many costs will increase and some items of expenditure may become unaffordable.

Nov 1, 2024 | herrington-carmichael.com | Sarah Speed

On 30 October 2024, Chancellor Rachel Reeves confirmed that from January 2025, private schools will no longer be exempt from paying VAT. This change will impact all families with children in private school, but for separating or separated parents this additional expense is likely to be of particular concern given that when one household becomes 2, many costs will increase and some items of expenditure may become unaffordable.