Divorce for those over the age of 55 is on the rise. Often referred to as “silver separators”, later life divorce can present many financial challenges. Running two homes can potentially be more costly than running one large house. With two properties there is also two sets of everything to pay for, including household [...]
Going through a divorce is never easy but getting independent pension advice early on is important to your future wealth. Figures from the Office of National Statistics (ONS) show that the average (median) duration of a marriage at the time of divorce was just under twelve years for opposite-sex couples. Unreasonable behaviour was the [...]
When a relationship breaks down it is never easy. Groucho Marx, the American comedian, famously said - “Marriage is a fine institution, but who wants to live in an institution.” First of all, couples who are living together often do not realise that they don’t enjoy the same legal rights as those married or [...]
We understand that relationship breakdowns can be emotionally tough and financially expensive, so try and avoid these mistakes. You mustn't underestimate the value of your pension in a divorce settlement. Understand the value of your pensions in a divorce. The valuation of a pension in divorce is never straightforward. Some pensions include guaranteed levels of [...]
By Rachel Efetha, Chartered Financial Planning with Anstee & Co. Happy New Year! Not so happy for some… January is traditionally the month I write about divorce, given that Google is reporting a 230% increase on last month on ‘ how do I get a divorce ’. Obviously, it’s important for divorcing couples to get [...]
New Birmingham Office opened. Our new office is located at 2, Snow Hill, Birmingham B4 6GA. The office is situated in the heart of Birmingham’s business district and is part of the Colmore Business District. Tracey Foster, an independent financial adviser (IFA), is heading up the team at this new office. She has work in [...]
First of all, divorce rates are falling. According to the Office of National Statistics (ONS), there were 101,055 divorces in the United Kingdom in 2015. This is a 9 per cent reduction from 2014. Getting divorced can have an impact on your pension. The average age for getting divorced is increasing. Furthermore, for men, the [...]
This, unfortunately is a question that our financial advisers we are being asked more and more by clients. So do you need a financial adviser? To start with all the assets of a divorcing couple will need to be valued. This is before any decisions can be taken as to how they should be shared. This [...]
