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If you are thinking of divorce, it’s essential to take proper financial advice as far in advance as possible.
It may be the last thing you want to consider right now, but failing to make financial provision for your future post-divorce could have a life-long impact. Even if you’re financially savvy with a trusted financial adviser already looking after your affairs, divorce can impact on very different areas, and you may need specialist financial advice. We have advisers trained in collaborative divorce and the specialist issues relating to finance in divorce.
Things you may need to think about include:-
- Protecting maintenance payments – to maintain your and your children’s future standard of living
- Mortgage/remortgage - if you are selling the matrimonial home and need to find an alternative or release capital to pay legal fees
- Pension provision and appropriate advice relating to pension sharing orders and your potential pension rights - to ensure a secure retirement
- Tax planning – how to minimise Capital Gains Tax and Inheritance Tax liabilities
- Funding – the best options to help with costs over the period before divorce settlement is agreed
- Existing savings and investments – does what you may be offered in a settlement properly address your needs?
- FAQs
>> Paramount IFA Website
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