Divorce Financial Advice Birmingham, West Midlands UK

Divorce Financial Advice

Let us guide you through the financial consequences of divorce, working with your matrimonial lawyer to ensure that you fully understand the implications of your
financial settlement.

Consideration needs to be given to every financial element that is contained within a divorce settlement. Alongside the matrimonial home, investment and pension funds are playing increasing roles as assets and care needs to be taken when these are divided. As a pension can actually be one of the largest assets you have – it could be worth even more than your home – then it will become a
major factor in your divorce settlement.

The Pensions Options

Pension funds are very complex. At first glance it may seem perfectly reasonable to split a pension fund in a way that reflects the overall desired outcome of the divorce settlement. However, care needs
to be taken to fully understand the pension funds and the rules and conditions that apply to them, in order to ensure that the split is not detrimental to either party. Currently, there are three options used to split pensions:

• Pension Offsetting
• Pension Sharing
• Earmarking

Whichever option is agreed upon, it is critical to understand the current valuation, and the precise rules and conditions of the pension policies that are forming part of the settlement. For example, there could be penalties that apply upon transfer, or guarantees that may be lost.

Investment Policies

Issues surrounding investments that need consideration are valuations, assignments and
choice of funds.

Your Next Steps

It is advantageous to get us involved at the earliest stage so we can assist your legal expert in negotiating your settlement. Once your divorce settlement has been finalised we work with you to plan your future income needs and make appropriate investments based on your new lifestyle and aspirations. We are there to help you through this life change and know that this is not just about giving you the right advice; it is about us working with you in a caring way with utmost discretion.