Why Every Person Going Through Divorce Should Make or Update a Will
Around 60% of UK adults haven’t made a Will and when you’re in the midst of such a challenging and unexpected life event such as a divorce it’s understandable that this sometimes slips off the radar. We see it all the time. According to the Holmes and Rahe Stress Scale, divorce is the second most […]
Divorce and LPAs: Why every person going through divorce should consider a Lasting Power of Attorney (LPA)
Around 350,000 to 400,000 people lose the capacity to make decisions for themselves every year. That equates to about 1 in 150 of the adult population. This isn’t just due to age-related conditions but can be because of mental health issues or unexpected injury or accident. As you know life sure does have a habit […]
Essential experts you might need when navigating a divorce.
From lawyers to financial planners – Your complete crew for a safe landing Divorce is like flying at 20,000 ft when your engines die and the pilot bails out. No one plans it. You were expecting to land safely at a beautiful destination. But now you have to make an emergency landing on some unknown […]
What is financial freedom?
Meaning, myths and mindset Real financial freedom is about choice. How to spend your time, how to live, where to live; choice to be who you want to be. But financial freedom is often misunderstood. Many people see it simply as having a large sum of money or reaching a magical financial milestone which suddenly […]
Should You Stay in the Marital Home After Divorce? Emotional, Legal & Financial Considerations
Section 1: The Emotional Question “Do I want to stay in the marital home?” 1.1 Emotional stability and recovery Divorce is ranked as one of life’s most stressful events on the Holmes and Rahe Stress Scale, second only to the death of a spouse. But it is a bereavement of sorts. Clients tell me it […]
Avoid these tax mistakes to secure future financial freedom
Maximising Tax Efficiency in Divorce Settlements Put simply, managing tax effectively during a divorce can be the difference between achieving future financial freedom or not. Understanding key tax considerations when splitting assets, handling maintenance payments, or managing investments ensures you optimise your financial position and avoid unexpected tax bills later on. 1. Splitting a Family […]
Divorce and Income Protection: Why Going It Alone Means You Need Financial Security More Than Ever
A classic study by Weinstein (1980) examined how people rated their chances of experiencing certain life events compared to others. People consistently believe they are more likely to enjoy positive outcomes than others and less likely to face negatives, like illness or accidents—despite identical risks. This established our tendency toward ‘optimism bias‘ our inclination to […]
Why Every Parent Going Through Divorce Should consider Guardianship Provision
A recent study found that 70% of UK parents have not named a legal guardian to care for their children in the event of their deaths. Hardly surprising. We know from Psychology that contemplating our own death is fundamentally challenging (Becker, 1973) and that we tend to underestimate personal risks and the likelihood of misfortune […]
Divorced and Financially Responsible? How Life Insurance Can Protect Your Loved Ones
Over the last 50 years the percentage of adults with life insurance has dropped sharply to around 35%, even though payout rates are consistently over 95%. There are some interesting possible reasons why this might be the case…. So, does this mean you shouldn’t worry about it? There are some people who REALLY should have […]
How to Feel Financially Confident on Your Own
Part 1: The feeling of financial self confidence What is financial confidence and why is it important? Financial confidence can be summed up as a feeling of being ‘in control’ of all aspects of your financial landscape. It can only really be obtained when you have reached certain financial milestones and taken certain financial actions, […]
