Financial Planning for Divorce

Experiencing a marriage breakdown is an emotionally challenging period, marked by the need to make significant life decisions concerning child custody, access arrangements, and living situations for each party. Often, relationships between the individuals involved become strained, leading to the necessity of addressing financial matters.

This critical juncture involves navigating the complexities of asset division, determining maintenance payments, and reaching agreements on the ongoing repayment of debts. In such instances, the involvement of a financial planner proves invaluable, as they can approach the tasks at hand with objectivity, devoid of emotional influence.

Our role is clear – to secure the best possible outcome in addressing the financial challenges that inevitably emerge during this process.

We believe that a financial advisor can bring the following benefits to the divorce:

• We will ask difficult questions and suggest potential solutions that may be difficult to accept, such as selling the family home.

• We can carry out realistic cash flow forecasts to ensure the change in finances will support your lifestyle or whether changes need to be made.

• We can ensure you have the appropriate pensions structures in place taking account of any pension adjustment orders in relation to the divorce and your retirement plans.

• We will ensure your overall plan is tax efficient.

Contact us should you wish to discuss your situation as will assist you in putting a robust financial plan in place.