Divorce – Why Financial Advice is important?
Posted June 30th, 2009
I am often asked why you should use the services of an IFA during divorce work.
- What does an IFA do?
- What services do they offer?
- What benefit will dealing with an IFA bring me?
I have set out four main areas where I can add real value to your circumstances.
Pension reports
During the process of divorce, a report may be required by the court to understand the values of the pension assets and how these should be sensibly divided amongst the parties. Pensions are unnecessarily complicated and often such reports are difficult to understand and may at first appear daunting.
I will summarise these reports for you, demystify the jargon and provide a clear overview and direction on how to proceed based on your individual circumstances.
Second opinions
If you are confused or concerned about any aspect of your finances whilst working with another financial adviser or professional, I am happy to provide a second opinion where necessary to clarify any issues.
Pension transfers
When a settlement is reached it is often necessary to move the pension to a new arrangement. I am able to assist you by advising on the most appropriate type of pension sourced from the whole of the market place.
Financial Planning
It is important to reappraise your finances once your divorce has been finalised and rediscover your values, goals and objectives and what you truly wish to achieve from life. In fact, this can often be first time you are dealing with finances. It needn’t be daunting.
Financial planning can set the framework for you to achieve these goals by providing a sound overall financial strategy which can adapt and change over time as you and your circumstances change.
If you require further information on The Divorce IFA, our services and charging structure, please visit our website www.TheDivorceIFA.co.uk or alternatively, please call us on 01204 663904 or by email on advice@thedivorceifa.co.uk