It’s a fact of modern life that as many as 40% of all marriages in the UK end in divorce. The break-up can be a traumatic time for all concerned and brings with it the need to make financial arrangements that can have ramifications for years after the settlement is made.

There are no hard and fast rules governing how assets should be divided, although there is a broad starting point of 50:50. If the divorcing couple are unable to come to an agreement on the division of their financial assets, the court will decide how these should be apportioned between them, based on factors such as their age, earnings ability, property and investments and role in the relationship (e.g. breadwinner or primary carer). The needs of any children of the marriage are always considered paramount.

AYP Financial Planning specialise in providing advice on divorce and can offer sympathetic, patient and pragmatic support throughout the whole process. You will need help to decide on your future financial goals, review your mortgage, life insurance, savings and investment plans and you’ll need to remake your will. Post-divorce, reorganising your finances is an essential step in moving forward to a new life.

Contact AYP Financial Planning for a confidential review now. First meeting is without charge but could prove to be the best time you ever spend. We can help, contact AYP Financial Planning on 01434 607808 or email info@aypfinancial.co.uk.