Recent press reports suggest that even though there has been little improvement in the financial climate, many couples who had put their divorce ‘on hold’ in the hope that things would improve are now finding that they cannot wait any longer.
For couples where resources are already stretched, achieving a divorce settlement which divides the available resources in a way that gives them the best possible standard of living, both in the medium and the longer term, is a growing challenge for divorce solicitors.
Pensions is an area where divorce advice is particularly important to make sure that the best use is made of the funds that are available and this can make a big difference to a person’s future financial security.
Static property prices are a further difficulty and in some cases where the proceeds would not stretch to provide two homes the answer may be a divorce settlement where the sale is delayed until a future date, such as when children have completed their education.
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