A recent consumer survey carried out across the UK by a leading firm of financial advisers identified 2 interesting points:
- Despite pessimistic forecasts at the start of lockdown, couples are not rushing to divorce. Apparently, 83% of those who took part in the survey were not considering that step. The 17% that were contemplating separation or divorce confirmed that their main concerns were financial and how family assets would be divided.
- Over 50% of those considering separation or divorce were unaware of impending changes to procedure, which will introduce ‘no fault’ divorces in mid-late 2021. Once informed, 25% then confirmed they would defer any action until the divorce changes were in place.
We live in uncertain times and there is no guarantee that matters will be any clearer (or will have improved) if we try to look forward 12 months. What is clear is that parties can benefit by obtaining independent advice long before making decisions regarding their marriage. This includes legal advice and financial advice, and may include specialist pension advice as well.
Don’t leave things to the last minute. Contact me or any of my colleagues in the family department at Dutton Gregory for an initial (reduced) fixed fee interview via telephone or Zoom/Skype, whichever you prefer. We will provide you with initial legal advice and consider any immediate concerns you may have.
We can also direct you to additional support and expert financial/other advice to help you decide the way forward.
Contact us today on 02380 221344 or email us at firstname.lastname@example.org.