Page 40 - Oundle Life February 2024

Why is it important to seek financial advice when divorce is on the horizon?
Mark Scott, an experienced financial adviser from Positive Advisers, explains why seeking financial advice for divorce is as crucial as working with a solicitor to achieve the best financial outcome for all parties involved.
Comprehensive Financial Assessment
Navigating the unknown
A financial adviser can provide a complete overview of your financial situation, essential during a divorce. They can help you understand your assets, liabilities, income, and expenses. This will assist you in making informed decisions during the divorce proceedings and lay the groundwork for your post-divorce financial life.
Asset Division:
Beyond the numbers, considering your future
Splitting assets during a divorce is not as straightforward as it may seem. Some assets may have significant tax implications, while others involve complex legal structures. A financial adviser can help you understand the true value of your assets, taking into account factors such as tax, liquidity, and future growth potential. This can ensure that the division of assets is fair and financially optimal for you.
Retirement Planning
A new chapter, a new strategy
Divorce can significantly impact your retirement plans. Perhaps you and your spouse had a joint retirement strategy that no longer applies. A financial adviser can help you reassess your
retirement goals and develop a new strategy that aligns with your new financial reality.
Supporting you and your family to manage wealth and grow your investments
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