Divorce and Financial Planning: What to Consider Before You Agree a Settlement
Hoxton Videos • Divorce and Financial Planning: What to Consider Before You Agree a Settlement
Going through a divorce can involve some of the biggest financial decisions you will ever make
From dividing property and pensions to understanding tax implications and planning for your future income. Getting the right advice early can make a significant difference to the outcome.
In this discussion, Michael Lennon, Senior Wealth Planner at Hoxton Wealth, answers questions from Sam Bean, UK Marketing Manager, about the key financial planning considerations during divorce and why understanding your options before a settlement is agreed matters so much.
What the video covers:
- How to assess whether a proposed divorce settlement is sustainable over the long term
- The financial implications of keeping the family home
- How pensions can be divided and why the method matters
- Why two assets with the same headline value can lead to very different financial outcomes
- Tax planning considerations during divorce
- Investments, mortgages and debt
- Business interests and how they factor into a settlement
- Life insurance and beneficiary nominations
- Estate planning during and after divorce
- Planning for children and other dependants
- How cashflow modelling can help you understand what life after divorce could look like financially
Michael specialises in supporting clients going through the divorce process, helping them understand their options and consider the longer-term financial impact of the decisions they make during a settlement.
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