Divorced

Going through a divorce or separation whether amicable or not is hard and more often than not, expensive. It means change, and for most of us, change can be difficult.

Couple the emotional upset with all the paperwork that needs to be sorted through and updated and it can be a very stressful, full-on time in your life.

Provisions you made as a couple now need to be shared…perhaps you relied on your spouse’s income, gave up work when you started a family, or you were the main breadwinner. Either way, you now need to take control of your own financial affairs and make sure you are protected and secure for the perhaps very different future you now face to the one you had planned. We can help with the transitional period, as well as provide advice and guidance for you down the line as your circumstances develop and change.

Mortgage Advice

If you are going your separate ways what is going to happen to the family home?  Are you thinking of buying a new property? What does your new financial situation look like and how will that impact your ability to get a mortgage?

Your home may be repossessed if you do not keep up repayments on your mortgage.

Find out more

Pensions

Some divorces can result in a pension sharing order…£20k of a £100k pot could be given to a spouse – have you given thought to how you will build up that deficit?

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than the amount invested.

Find out more

Protection Review

Do you have joint cover? A full protection review is recommended.  For instance, if the children stay with one parent, the other parent might be paying child maintenance…if they were to die or no longer be able to work because of illness, that would stop. Did you know it was possible to take a life policy to cover the amount of maintenance until the children reach an age it would stop… usually 16 or older if in further education?  It’s worth thinking seriously about Income Protection if you have been relying on your partner for income.

Find out more

Investing

If you both decide to rent and invest the proceeds of the property sale, what is the best and most tax-efficient means of investing your money? Or, if you have received a lump sum from a settlement – do you need expert help to decide the best course of action to make this money work as hard for you as possible?

The value of an investment with St. James’s Place may fall as well as rise. You may get back less than the amount invested.

Find out more

Regular Savings

You may have had to pay out a settlement which has eaten into your savings…do you need to build your savings back up?

Find Out More

Trusts

Have you ensured that your estate is distributed according to your wishes as individuals and no longer a couple?

Trusts are not regulated by the Financial Conduct Authority

Find out more
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18-22 Melville Street
Edinburgh
EH3 7NS

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0131 385 7477

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PW& Partners Ltd together with St. James’s Place Wealth Management plc are the data controllers of any personal data you provide to us. For further information on our uses of your personal data, please see the Privacy Policy or the St. James’s Place Privacy Policy.

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PW& Partners Ltd together with St. James’s Place Wealth Management plc are the data controllers of any personal data you provide to us. For further information on our uses of your personal data, please see the Privacy Policy or the St. James’s Place Privacy Policy.