Dealing with divorce: things to consider when arranging a financial settlement
After several years of decreasing divorce rates, 2010 statistics showed that divorce increased by 4.9% that year. Financial settlements are one of the major considerations of a divorce and we work closely with a number of solicitor firms who give advice in this area. When arranging a financial settlement, some of the issues that need to be considered include pensions, mortgage capacity, investments and insurances. The majority of solicitors have some understanding of these areas, but it’s limited, so it’s important to seek advice from an Independent Financial Adviser (IFA).