Divorce Financial Advice

Using divorce financial planning to help you with your separation

Making the decision to divorce can be a highly emotional and painful process, and agreeing a fair financial settlement can be a stressful, complex and time-consuming exercise.

Our team of divorce financial advisers will help you assess your immediate and longer-term financial needs during your separation. Divorce financial planning helps you make the best decisions regarding the distribution of assets for your peace of mind and financial security. Contact our financial planners today, and book a consultation for expert divorce financial advice

What our divorce financial planners can help with

Our Lifetime financial forecasting service can help answer the biggest and most important questions as you begin reviewing your joint assets when going through a separation. Some of the most common questions when financial planning after divorce include: 

  • What’s the best way to split our assets?
  • Where will I live, and can I afford it?
  • How much money will I need each month?
  • Do I need to make a new Will and/or change my Lasting Power of Attorney?
  • What happens on death or diagnosis of a serious illness?
  • How can I plan for my retirement?

Losing your partners workplace benefits

A financial settlement invariably focuses on the values of assets and liabilities following a divorce. However, what is often overlooked is the loss of employer sponsored benefits such as:

  • Death in service life assurance
  • Private medical insurance
  • Use of a company car
  • Discount schemes for retailers

Valuing your pensions

After a home, pension funds are often the second-largest asset owned by a couple and whilst there are several ways to split a pension, achieving a fair resolution can be a very stressful process. This is especially true when the care of children and other dependents is involved.

Pensions aren’t always as straightforward as they first appear. It’s common for individuals to have multiple pensions such as a workplace pension, personal pension, and state pension. Some offer guarantees which can make them more valuable than first thought and for others, the cash equivalent value (transfer value) may not reflect their full market value.

Where a Pensions on Divorce Expert (PODE) report has been obtained, we can work with you to help you understand how any recommendations impact your financial position post-divorce.

Lifetime financial forecasting

Lifetime financial forecasting, also commonly known as cash flow planning, is a useful tool to help you make informed decisions about your finances and make sure you stay on track to achieve your goals.

Our divorce financial advisers will be able to demonstrate the impact of any proposed financial settlement on:

  • Your immediate and future income/ capital requirements
  • The level of risk you will need to take with your investments and pensions
  • When you can expect to retire and how much you might have to live on
  • What else you may need to do to make sure you don’t run out of money

The sooner you have this divorce financial advice the better, as it means you are best placed to fully understand what the financial settlement will mean for your future post separation.

Expert divorce financial advice you can trust

Whilst we can help you with financial planning after divorce, we can continue to add value and reassurance throughout your lifetime by regularly reviewing and updating your financial forecast to take account of changes to your personal circumstances. This will make sure you remain in the very best position to make informed decisions about your finances.

At Francis Clark Financial Planning, our approach is engaging and interactive, and when combined with quality divorce financial advice will give you freedom over your financial future as well as the confidence knowing you have the best chance of achieving what you want in life. 

We can work with you remotely, at your home or place of work, or you can visit us in one of our nine offices.

Get in touch with our financial planners to find out more about how we can help you with your finances following divorce proceedings. We have offices in a variety of locations, including Bristol, Exeter, Plymouth, Poole, Salisbury, Southampton, Taunton, Torquay and Truro. Contact our team today. 

Book Consultation

To book your initial consultation (no cost or obligation), please fill in the form below with your details and one of our financial planning experts will be in touch.

“I have been delighted not only with the standard of advice, but also with the administrative back-up of Francis Clark. The three key elements for me in a financial advisor are trust, empathy and good communication skills and Ian ticks all those boxes and more.”
Client, Exeter
View Case Study

financial planning for business testimonial illustration

Divorce Financial Advice FAQs

  • Do you need a financial adviser during a divorce?

    It can be highly beneficial to consult with a financial adviser following a separation. Divorce often involves complex financial issues such as the division of assets, property, and debts. A financial adviser can help you understand your financial situation and plan for your post-divorce future.

  • Can divorce financial advice help me plan for life after divorce?

    Yes, divorce financial advice can play a crucial role in helping you plan for life after divorce. Our financial planners can assist you in creating a post-divorce financial plan, including budgeting, investment strategies, and retirement planning to secure your financial future.

Ask our experts a question now

Speak to our advisers now