Finances on Divorce

Following on from your divorce, you’ll start a new life and it’s likely your finances will need to be restructured to reflect your new way of living. 

A financial planner will recognise that the key to taking control of your financial future after a divorce is making the right decisions in light of a better understanding of your needs. Under the guidance of a planner, you create a blueprint for your new life. However, this blueprint is not concrete and is subject to change – this is where the true value of an ongoing relationship with a financial planner is really clear. 

Our approach is one of complete and genuine care for our clients. We help you as much as you need and will meet as many times as required to help you get on a solid footing. Your needs will change as the separation progresses, but we will be available throughout the process to lay the foundations for your financial security. In the early days, financial needs may be as simple as opening a current account in your sole name and ensuring that your bills are paid on time but issues will soon become more complex as matters such as sharing the home, dividing pensions, and establishing maintenance payments become paramount. 

If you haven’t already met with a good, friendly, and helpful family lawyer, it would be worth considering. We are happy to introduce you to some people we trust to do a good job for you and between us we will work with you to get through the break-up and start to plan better times ahead. 

How a financial planner can help during my divorce 

Alongside a solicitor, a financial planner can play a key role during a divorce. People often turn to a financial planner once their divorce settlement is agreed but involving a financial planner early on means that they can help shape the divorce settlement. They help those getting divorced to make the right decisions, reorganise their life, take control of their financial future and recognise the value of money in their own circumstances. 

While a solicitor focuses on the process of getting divorced, a financial planner will look at the life-long implications of decisions made and how they will work in the real-world following divorce. A financial planner works with the person getting divorced throughout the process and afterwards, making sure that they are confident in their understanding of their financial situation. Financial planners can also help with the burden of decision-making and administration too, by assisting with paperwork and meeting deadlines.