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Understanding the Division of Assets in Divorce Proceedings

By |2024-05-20T14:42:24+00:00May 13th, 2024|Categories: Business Support, Law, Law & Solicitors, Finance & Business, Local Business, Money & Business, Families, Guest Articles|

Sorting out finances during divorce proceedings can be intricate and protracted, often involving untangling financial matters accumulated over years of marriage. While it's typically clear that assets amassed during the marriage should be shared based on needs, the status of pre-existing wealth, such as inheritance or gifts, raises important questions about its inclusion in the divorce settlement. Lucy Hart, Director and Family Lawyer at Sinclair Law Solicitors, highlights this, stating, "Determining the fate of inherited wealth amidst divorce proceedings can be complex."

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