Posted September 20th, 2010
Collaborative Law is an alternative approach to divorce.
The collaborative family law process is a relatively new way of dealing with family disputes. Each person appoints their own lawyer but instead of conducting negotiations between you and your partner by letter or phone you meet together to work things out face to face.
Each of you will have your lawyer by your side throughout the entire process and therefore you will benefit from legal advice as you go. The aim of collaborative law is to resolve family disputes without going to court. It is an alternative to a conventional divorce or mediation.
You can find further information on Collaborative Law at the Resolution website – www.resolution.org.uk
You can also find out more information in the attached leaflet.
Brighter Future leaflet
I am currently active in two PODs – Greater Manchester – www.separationsolutions.co.uk and Collaborative Law Merseyside – http://www.collaborativelawmerseyside.co.uk/
If you would like further information on any of the two PODs or any of the solicitors, IFAs, accountants and coaches involved, please feel free to contact me on 0800 092 1229 or email advice@thedivorceifa.co.uk
Tags: Accountants, Brighter Future, Coaches, Collaborative Family Law, Collaborative Law, Collaborative Law Merseyside, Conventional Divorce, Divorce, Family Disputes, Greater Manchester, IFAs, Lawyer, Mediation, Negotiations, POD, PODs, Resolution, Separation Solutions, Solicitors | Posted in Collaborative Law |
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Posted March 29th, 2010
Of all the things that need to be understood in the context of pensions and divorce I consider this one to be the biggest. There is a major difference between the Valuation Date and the Valuation Day and it is imperative you understand it.
In England, Wales and Northern Ireland, the date on which the transfer value request, Cash Equivalent Transfer Value (CETV) or Cash Equivalent of Benefit (CEB), is received by the trustees or scheme provider becomes the Valuation Date.
This becomes the value which all of the negotiations for your settlement will be based on. For example, if you are advised by your solicitors, having received an actuary’s report, that the pension needs to be split 60:40 this will be done on the basis of the value on the Valuation Date.
However, this is NOT the value which will be used when the final benefits are calculated. The actual value will be calculated at some point within the four month implementation period and this date becomes the Valuation Day. The implementation period starts on the Transfer Day, which is the day the pension sharing order takes effect, or, if later, on the day the pension scheme has the prescribed information needed to implement the pension sharing order.
The period of time between the Valuation Date and the Valuation Day can be considerable and a lot can change in a pension during this time, which can have knock on effect on the valuation and subsequently the benefits derived from it.
If you would like to understand more about how the Valuation Date and Valuation Day might affect you and your benefits, call or email me for a confidential chat.
phil@thedivorceifa.co.uk or 0800 092 1229
Tags: Cash Equivalent of Benefit, Cash Equivalent Transfer Value, CEB, CETV, Implementation Period, Negotiations, Pension, Scheme Provider, Settlement, Transfer Day, Trustees, Valuation, Valuation Date, Valuation Day | Posted in Transfer values |
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