Inherited Wealth and Pre-marital assets

Call our free legal helpline on freephone 0333 888 0404 for initial guidance on inherited wealth and pre-marital assets, or send an email to us at [email protected]

Inherited wealth and pre-marital assets can be hotly contested in divorce settlements, especially if there is a large amount of money at stake. It can be a particularly emotive topic, with inheritance often having a symbolic meaning as well as significant financial implications.

The law will look at inheritances and assets that were brought into the marriage differently to other assets that have been acquired during the marriage, so they call for careful consideration by a solicitor who is experienced in the financial aspects of divorce.

Assets like a property, a pension or an inherited sum of money may have been an important part of your life as a couple, or it may be that some assets were kept separate from one another during the marriage. Each situation is different, so the advice you receive will reflect that and what you’re going to be entitled to.

Your first step – Specialist advice from our divorce solicitors

You’ll want to know that the solicitor you work with understands your situation and is best positioned to guide and advise you on the options open to you. Our experienced team includes specialists on financial issues relating to divorce, so you can be sure that you’ll be getting advice on assets you brought into the relationship and any inherited wealth during the course of the marriage from a trusted advisor.

Awards and accreditations for our divorce solicitors

Slee Blackwell are proud to have been given the Employer of the Year Award by the Devon and Somerset Law Society and to be winners at the NSPCC Childhood Champion Awards 2018. Our divorce solicitors are also accredited by The Law Society in finance and children work.

Areas of Specialism:

While we might not want to think about dying, we owe it to our loved ones to put our affairs in order by making a will and keeping it up to date. This allows us to make financial provision for the people and good causes we really care about. It can also safeguard vulnerable beneficiaries, preserve assets from being exhausted by Care Home fees and, above all, with careful planning it can reduce the impact of Inheritance Tax. It also allows you to protect your children’s inheritance from the consequences of re-marriage.
We provide a full range of estate administration services including: obtaining a Grant of Representation, dealing with the deceased’s tax affairs (Inheritance Tax, Income Tax and Capital Gains Tax) realising the assets, settling debts and distributing the estate. Where appropriate we can also help you make substantial tax savings, for example by varying the Will. If the estate includes a farm or business which needs to be sold or wound up we can work closely with our agricultural and commercial law teams to ensure that the transaction proceeds smoothly.
We can advise on the creation and registration of a Lasting Power of Attorney. An LPA is a legal document which effectively delegates the power to manage your financial affairs to an “attorney” should you lose capacity to manage your own affairs. Having an LPA not only makes financial sense, but offers invaluable peace of mind.
We are experienced in dealing with the Court of Protection; whether it is the registration of a Lasting Power of Attorney or making an application for Deputyship. The combination of our caring approach and specialist expertise in the provision of legal services for the elderly will give you peace of mind.
Inheritance disputes are becoming increasingly common. We can advise on the best steps to take to avoid a dispute arising. Our specialist contentious probate department can also deal with any claim under the Inheritance Act or a challenge to the validity of a will.

Work with our team:

Paul Jordan
Non-practising Consultant
Paul is a Non-practising consultant who specialised in matrimonial law throughout his long career with Slee Blackwell.
Paul Jordan
Non-practising Consultant
Paul is a Non-practising consultant who specialised in matrimonial law throughout his long career with Slee Blackwell.