Divorce and Pension Sharing
At EB Wealth, we provide compassionate support to address financial matters arising during the divorce process, ensuring a seamless division of assets.
Our focus is on assisting clients in adopting a strategic, long-term approach to reconstruct their financial plans.
Why get Financial Advice during a divorce?
A financial advisor can assist you in reconstructing your financial situation. Following a divorce, your finances, income, and objectives are likely to undergo significant changes, necessitating a thorough reassessment and the development of a new plan for the future. While attorneys can assist in asset division, they may not provide guidance on your next steps. If you feel confident, you can handle financial planning on your own.
Alternatively, you can enlist the help of an advisor to share the burden. An advisor can comprehensively address financial aspects, encompassing income, budget, emergency funds, and pension. Crafting a practical plan tailored to your needs and objectives increases the likelihood of rebuilding your financial future and emerging stronger.
What are the benefits of getting financial advice during the divorce process?
Early Assessment: Financial advisors can assess your current financial situation, including assets, income, and liabilities, to provide a clear understanding of your financial standing.
Long-Term Planning: Advisors can help you develop a long-term financial plan, taking into account changes in income, expenses, and goals post-divorce. This proactive approach can contribute to a more stable financial future.
Asset Division: A financial advisor can assist in navigating the complexities of asset division, including the treatment of pensions, property, and other financial assets. They can provide guidance on the most favorable approaches based on your specific circumstances.
Understanding the Process: Seeking advice early helps you understand the financial implications of various decisions made during divorce proceedings. This understanding is crucial for making well-informed choices that align with your financial objectives.
Financial Independence: By addressing financial matters early on, you can work towards achieving financial independence post-divorce. This includes considerations such as budgeting, investment strategies, and establishing emergency funds.
Get advice early
You don’t have to wait for your divorce to be finalised before consulting with a financial adviser. In fact, involving them early in the process can be beneficial.
If you are considering seeking financial advice, the initial step is to schedule a call with one of our Independent Financial Advisers. While we won't provide advice during the call, they can guide you on how the advisory process functions and discuss associated charges. This allows you to assess whether seeking advice aligns with your needs.