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ARTICLE · 25 MAY 2021

Trusts: Every Penny Counts

Case law demonstrates the need for absolute clarity from the outset, the nuanced nature of cases involving trust assets and the enhanced duties of the lawyers involved to give judges ...

United KingdomFamily and Matrimonial

Case law demonstrates the need for absolute clarity from the outset, the nuanced nature of cases involving trust assets and the enhanced duties of the lawyers involved to give judges proper guidance so as to avoid unsafe decisions.

It has always been a difficult task for the courts to meet the needs of a divorcing couple where the dynamics are changing so significantly. Resources are often stretched thinly in meeting the needs of both husband and wife, especially where children are involved. While one 'pot' might have covered the needs of one family, that same 'pot' will often struggle to meet the needs of two separate family units. An inescapable reality of the Covid-19 pandemic has been even greater financial pressures on families and, for those couples divorcing, this will result in fewer assets being available. While we tentatively look forward with optimism, one of the issues that the judiciary will undoubtedly face for some time is an increase in cases before

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