Property Portfolios

Protection of Property Portfolios in Divorce

The general rule regarding the division of property assets during divorce is that all assets within a marriage are considered jointly owned, regardless of who’s name is on the title deeds.

This means that all property under a couples portfolio will be included in the ‘pot’ for division as part of the settlement agreement made during the divorce or civil partnership dissolution process.

At an early stage, we identify and deal with the following issues proportionately:

• Valuation of properties
• Establishing the tax consequences of a transfer or sale
• Allocation of rental income and responsibility for expenses

We work collaboratively with external experts to ensure that you can negotiate from an informed position and with the benefit of tax advice.

If the instruction of necessary experts cannot be promptly agreed with your former spouse, we will assist you in instigating court proceedings to ensure that swift progress is made and a Judge can determine any matters in dispute.

Get in touch with our family lawyers for advice and guidance on how the Court will deal with your residential or commercial property on divorce.