Coping with divorce
Good financial advice is essential to provide a clear understanding of what your divorce settlement will mean and to give you confidence in the provisions that it makes for your future and that of your dependants.
Getting divorced is often one of the most traumatic experiences through which anyone can go. It is also, in many cases, a financially complex event – and the decisions that are made at this time can determine your financial security, and that of your family, for the rest of your life.
In order to give you a complete picture upon which to base any decisions we will carry out a lifelong cashflow forecast, taking in every aspect of your financial affairs to provide an accurate indication of how long your assets are likely to last under a range of scenarios.
Using this information Clarion Wealth Planning is able to construct a detailed financial plan, including advice on the long-term investment of your settlement.
We are also able to help with the valuation of assets and, where appropriate, with the implementation of pension sharing orders. The prompt implementation of these orders is important – both to enable you to take control of the element of your former spouse’s pension funds to which you are entitled and also to ensure that your entitlement to tax free cash is not compromised by any decisions they might take.
It is also likely that you will need to revisit your estate plan. We can design a solution that ensures your assets are only available to those who you would wish to benefit from them after you die while, of course, maintaining an advantageous position for Inheritance Tax purposes.
To speak to one of our highly experienced financial planners please call Clarion Wealth Planning on 01565 653804 or send us an email.