In this week's episode we have Priya Gill Liaudet, who is a divorce lawyer and a family law specialist. With over 10 years assisting couples who are forming a union and want an agreement in place to safeguard their future as much as possible. In this episode we discuss: - How the legal system views marriage and finances - Why money causes a breakdown in marriage - How a pre-nuptial and post-nuptial agreement work - What happens to a couple assets if they decide to divorce - Whether cohabiting couples have any legal rights and much more Connect with Priya Gill Liaudet: Website: https://www.familylawyerlondon.co.uk Instagram: https://www.instagram.com/family_lawyer_london 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 🤝 Sponsor Tide - Earn 3.81% AER Variable on your business savings here: https://glnk.io/91954/ato8fr You'll get a free £100 when you use the code ‘SAVVYWALLET' and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. New Tide members receive a 0.77% AER boost on the standard 3.04% AER on unlimited balances until 01/06/25, after that the standard rate applies with no interest earned on balances over £75,000. Rates correct as of 06/02/2025. Terms and conditions apply. Visit tide.co/savings for up to date rates. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🤝Partners Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️(The investing platform I use) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 0:00 - Preview 1:15 - Intro 1:50 - Meet Family & Divorce Lawyer Priya 7:27 - Why does finances create an issue in relationships 9:09 - How does the legal system view marriage and finances? 12:49 - Tide Ad 14:05 - How does a pre-nuptial agreement work? 18:59 - How to have the pre-nuptial conversation? 22:18 - Who benefits the most from a pre-nuptial agreement? 24:55 - What assets are considered by the law in a divorce 27:10 - People hiding their assets from their partner 30:56 - Scenario 1: Married couple no children with assets together divorcing 34:15 - Scenario 2: Married couple and one person brought an asset in 38:50 - Scenario 3: Married couple, with assets and children 40:59 - How does spousal support work 43:02 - How does child maintenance work 43:54 - How do the courts decide how much money each party gets? 45:56 - What should people update after a divorce? 46:50 - What is a no fault divorce? 49:19 - The impact of divorce on both parties 52:18 - Commons reasons why people file for divorce 55:41 - Scenario 4: Couple that aren’t married but one owns all the assets 58:04 - Scenario 5: Cohabiting couple with children 1:01:14 - What is a Cohabiting agreement ? 1:02:56 - What is a declaration of trust? 1:05:59 - How to have difficult money conversations? 1:07:51 - Final words Disclaimer: The legal discussions regarding marriage and finances in this video are based on the laws of England and Wales. Legal rules may vary in other jurisdictions, so please seek professional legal advice for your specific situation. Learn more about your ad choices. Visit megaphone.fm/adchoices

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