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

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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.

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