When a relationship breaks down and parties separate, for whatever reason, it is inevitably a difficult experience. So it pays to be educated and to do your research on how the divorce process works as well as getting organised financially before you set the wheels in motion.
From organising papers and ascertaining financial fitness (determine the marital estate’s net worth), to safeguarding valuables and consulting with a lawyer, there is a lot to think about.
A new scheme has been unveiled to help first time buyers get on to the property ladder.
Similar to other government schemes such as LIFT and Help to Buy, the Scottish government's First Home Fund will contribute towards the cost of buying a property through a shared equity scheme. This means that the purchase cost is split between both the buyer and the Scottish government, so the Government holds a share in the property and the buyer then usually repays the government's contribution when the property is sold.
Tiger Woods, Madonna, Beyonce and Jay-Z – they all have them. But prenuptial agreements are not just for the wealthy or Hollywood A-listers. So if your other half popped the question at Christmas, think with your head as well as your heart and make sure you are protected for your future together. A pre-nup can be a beneficial legal document when settling your finances should the marriage break down in the future and there are plenty of reasons to consider one – even if you don’t have a huge net worth, you will still have assets to protect, either now or later down the line.