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Separation, asset valuation and Covid-19

By Dharsh Nanayakkara - 22 May 2020

Covid-19 has reduced the incomes of many and undermined the value of the family home, business and investments. These effects have made it especially challenging for separated couples attempting to resolve their relationship property issues.

Separating couples seek to divide their relationship property quickly and efficiently, so they can get on with their separate lives. In these uncertain times brought on by Covid-19 and the lockdown, previously understood values for the family's property will have to be reassessed. Also, the pre-existing ease by which a bank may have assisted one partner to 'buy out' the other's share of relationship property may now be more difficult to secure.

If efficiency and minimal delay is to be achieved despite the challenges caused by Covid-19, then it has never been more important to obtain the best advice about how to go about dividing the relationship property in a way which is fair, lasting and consistent with the Property (Relationships) Act 1976.

If you, or someone you know is considering separation from their partner or spouse, or needs advice on resolving their relationship property issues, then please contact Dharsh Nanayakkara who specialises in family law issues including relationship property division and settlement. Dharsh is able to discuss matters with you by video conference facility or in person in accordance with Level Two COVID requirements.


Dharsh Nanayakkara


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