The introduction of no fault divorce laws in England and Wales were announced this week – long-awaited changes that are intended to make the legal process easier and more amicable when a marriage comes to an end.
For many couples it is often the case that ‘the blame game’ provides an almost insurmountable obstacle to overcome before the splitting family assets can be tackled fairly – ‘no fault’ divorces should reduce levels of animosity and legal fees, therefore providing a better outcome for both parties.
Tim Norris, Partner at The Financial Planning Group, welcomed the news and explained how a financial planner can reduce stress levels even further when divorcing; “It’s important to ensure that splitting your finances is as fair and simple as possible. At this stage in the process both parties should try to focus on a fair and happy future for all concerned, dwelling on the past will be counterproductive.”
He added; “Here at The Financial Planning Group we have software designed to make the understanding of your joint financial position now, and a future life with separate finances, simple and straightforward. Finance is one of the first areas you should consider even before instructing a solicitor. Your home and pensions will likely be the largest assets that need to be addressed”
If you would like to find out more information on how The Financial Planning Group can help you achieve confidence and clarity in your future financial position as part of a divorce, please call Tim Norris on 020 8614 4780 or e-mail email@example.com