Whilst no couples plan to get a divorce, financial planning and advice from an early stage in a relationship can lessen the financial impact should a divorce take place. When a marriage fails, the biggest issues in a divorce usually come down to financial issues.
However, if divorce is something you are facing at the moment, ISB recognise that the practical and emotional aspects of divorce can be made worse by the complexities of financial arrangements and the law. Problems may arise because people have unrealistic expectations of what can and cannot be achieved by their legal advisers. At ISB, we have professional connections with several local branches of solicitors who have excellent family law departments, with whom we work frequently, in providing divorce financial advice for clients facing a settlement or the final aspects of a divorce.
Once you have reached the point at which divorce has been decided, then the time comes to face divorce financial preparations for your future, sometimes this will be for the first time.
Dividing assets and determining future payments are the main issues when it comes to divorce. However, there are other questions that will still remain including retirement plans and tax implications. Divorce financial advice is particularly needed as your tax situation may be reviewed after the divorce has been finalised. In which case, it is more important then ever to make sure that you seek tax, investment and divorce financial advice based on your new financial situation.
Our experience at ISB with divorce means that we are able to give some help and encouragement in making the right decisions which will affect your future. However daunting a divorce may seem at the time, ISB customers generally find that taking control of their own financial situations by seeking professional divorce financial advice puts things into perspective and allows them to plan their future after divorce with confidence.
At ISB we can help by providing divorce advice on matters such as;
- Your company / personal / stakeholder pension
- Matters relating to life assurance policies
- How to deal with accumulated debt
- Financial advice on any assets you held prior to the marriage
- Pension sharing orders
Pensions are a very important asset in divorce proceedings. Apart from the former matrimonial home, a pension provision for both parties can be one of the highest capitals assets of a marriage. Very often for women going through a divorce they find that their pension has been limited due to not working whilst bringing up the children. We can provide divorce financial advice that will enable the women to be compensated for her lack of pension entitlement.
Of course, this may not always be the case and the women may have a larger pension than her husband, however, the financial problems arise when the women has very little pension entitlement, this is when we can offer the most financial advice.
ISB can give you divorce financial advice on pensions, life assurance, mortgages and in fact any financial matter, to help you through this difficult time.
At ISB our staff have both the people skills and experience to help you put your financial affairs in order so you can concentrate on getting on with your life.
 back |
