A Guide to Financial Planning during a Relationship Breakdown
This Guide to Financial Planning during a Relationship Breakdown is designed for anyone who is in the process of getting divorced, separating or going through a relationship breakdown, or if you are assisting somebody who is. The breakdown of a relationship is likely to be a stressful and emotional time. It also involves some big decisions that can affect your future and obtaining the right information and advice is extremely helpful.
During the course of a marriage or civil partnership, your financial affairs will have become intertwined and it is likely that you will have built or acquired joint assets together as well as individual assets. These could include:
- The family home
- Joint accounts and savings
If the relationship has come to a permanent end and is going to result in a divorce, these assets may need to be split to allow the parties to go their separate ways.