With the pandemic having pushed couples to spend significant amounts of time together and the law for England and Wales changing in the autumn of 2021 to allow for no-fault divorces, many predict that the percentage of couples separating is set to spike.
However, the view that divorces tend to be 'messy' is just one of the myths perpetuated. Yes, financial affairs can be very personal and the end of a partnership that may have lasted decades is painful, not least as the person initiating proceedings may already have mourned and moved on. However, there are key matters to consider at each stage of the divorce process, which can be beneficial to both parties.
Join John Williams, head of wealth planning, and Pippa Vick, paraplanner, as they discuss the impact of divorce on finances and the financial issues people may face before, during and after a divorce.