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High stakes

26 February 2009 / Georgina Vallance-webb
Categories: Features , Divorce , Family , Property
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Best laid plans…the divorce settlement roulette, by Georgina Vallance-Webb

These rushing wives needed to be clairvoyants

For wives rooting for a quick settlement, a rushed house sale in the next few months could result in the loss of tens of thousands of pounds

When the credit crunch first took hold it was reported that a wave of unhappy wives of highly paid men went gushing into divorce. This was apparently with a view to minimising the negative effects of slashed bonuses, falling stock market prices and widescale redundancies and maximising the chance of obtaining a lucrative divorce settlement (27 May 2008, www.sky.com).
Now that the economy has slumped further into decline it is rumoured that wealthy wives en masse are making the hard-headed business decision to remain with their husbands under sufferance until their flagging stocks and shares start to recover. Reports like this are a depressing indictment of the unfortunate way in which modern relationships can work.

Safe as houses?
While at first blush such deliberate financial planning may sound like good business

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One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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