Financial Divorce Advice Archives - Online Divorce Advice II How to divorce amicably
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How do you mediate divorce with a narcissist?

How do you mediate divorce with a narcissist?

There seems to be an increase in the number of divorcees accusing their spouses as being narcissistic, and it could be that the term is being used more widely because these days, it’s so easy to find a list on the internet of “How to spot if your spouse is a narcissist” – though many of the traits and ‘tell-tale signs” are not that far from behaviour most of us might demonstrate on a bad day! But perhaps the apparent rise in this style of behaviour is a reflection of our times, and the...

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To have and to hold – insurance for married couples

To have and to hold – insurance for married couples

To have and to hold Arranging insurance for married couples should arguably go hand in hand with saying “I do”.   Financial matters are perhaps not the first consideration when getting married. But it is vitally important to review current financial arrangements and establish new plans at the start of a significant new stage of life. Perhaps the first and most obvious thing to consider is wedding insurance, given that even a simple ceremony and reception will cost many thousands of pounds...

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Divorce And Financial Planning

  Financial Planner Paula Ryan speaks to Divorce Strategist Suzy Miller about how valuable it is for a divorcing person to speak with a financial planner at an early stage of the process.     “The common mistakes people make when it comes to divorcing and the financial planning side of things is for one, they don’t like to talk to someone like myself, because they’ve not had to do it before, they feel that they can deal with it on their own, they feel that they...

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Why a Divorcee needs to spend time with a Divorce Financial Planner

Why a Divorcee needs to spend time with a Divorce Financial Planner

  As a Chartered Financial Planner, I often help women who are dealing with divorce, and in this particular case, I helped a woman who wanted to complete a divorce in an amicable fashion – but was also worried about her retirement in years to come. Would she have enough money to live off and maintain her quality of life? And how would working with me be useful to her?  What exactly is the role of a divorce Financial Planner? At first, the lady concerned (let’s call her “Andrea”)...

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Why you need a mortgage expert sooner than you think when you’re getting divorced – by Carl Mountain

Why you need a mortgage expert sooner than you think when you’re getting divorced – by Carl Mountain

  “I’m going to my mother’s!” (and slamming the door) doesn’t let you off the hook if the marital home has a mortgage on it and you decide to get a divorce. If your name is on the mortgage, you are as liable as your spouse for the payments. So getting divorce financial advice early on is a good idea. What’s yours is his and what’s his, is yours – including debts and mortgages. And if the payments are not made, your credit history will be damaged.   So getting to a place of...

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Divorce With Lawyers Who Talk To Each Other: The Collaborative Divorce Process

Divorce With Lawyers Who Talk To Each Other: The Collaborative Divorce Process

  According to the Mirror, lawyers estimate that the average cost of a UK divorce is – in real terms – £70,243 and rising – with the average person losing out on £4,686 of their salary, with an added £5,089 on finding alternative accommodation, £8,926 in legal fees and £51,543 in paying off debt and sharing assets.   Of course, if the divorce starts to get ‘out of hand’ – then legal fees can begin to soar. I spoke recently with a mother who has had to borrow...

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What often get’s missed out with a quickie divorce

What often get’s missed out with a quickie divorce

  A recent question came up in our Secret Facebook Group about what is the best online divorce provider. It’s a good question to ask, because the feedback I have had from many people who have used them, is that the quality of the service can vary enormously. But I notice the real problem they have, is that their expectations about what a divorce actually involves, are often way out of kilter. The person asking the question in this case seemed very much in control of the process and was...

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Securing Your Financial Future After Divorce

Securing Your Financial Future After Divorce

  In his interview with Suzy Miller of the Alternative Divorce Guide, Charlie Reading, of Chartered Financial Planning firm Efficient Portfolio, talks about securing your financial future after divorce, and how to prepare for and deal with the financial impact of divorce.   The financial impact of divorce can be very demanding, especially as it comes at a time when the emotional stress is already high. Taking the time to plan financially helps ensure that your divorce runs as...

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How Divorce Can Have an Effect on Health – Nigel Rowland Interview by Suzy Miller

How Divorce Can Have an Effect on Health – Nigel Rowland Interview by Suzy Miller

  Suzy Miller of the Alternative Divorce Guide interviewed Nigel Rowland, a financial services expert about the effect divorce can have on your health – and how to protect yourself from the possible financial fallout during and after this difficult time.   Divorce Has Lasting Impact on Health.   It is no surprise to anyone who has experienced it themselves, to discover that Divorce can have lasting repercussions on health: *studies show that even for those who remarry, the...

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How to create a business plan for your Life, and who is qualified to help you.

How to create a business plan for your Life, and who is qualified to help you.

  Sam Whybrow believes we all need a ‘business plan’ for our own lives, so that our finances will empower us to live the lives we dream of – not hold us back, hiding our true potential.  But to create such a ‘business plan’ for your life, you need specialist financial guidance to be proactive not reactive with your finances – and Sam explains how to access that support.   What is the service that you provide? In effect, I act a as Finance Director for my clients,...

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It’s not just about talking to lawyers when divorcing……

It’s not just about talking to lawyers when divorcing……

  You are not alone:   Did you know that even though swans usually mate for life, sometimes they still ‘divorce’? Divorce & family breakup is an emotional & psychological journey, more than a legal & financial one.   What you feel will directly effect how you act: your pain, anger, fear or sense of hopelessness is all quite natural.       How do I keep myself sane through all this?   I think we all go a little crazy during big life changes...

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Financial advice on pensions

Financial advice on pensions

  Financial Advisor Peter Greenwood is experienced in helping a wide range of clients, including those who are dealing with divorce.   The new rules about pensions will make it even more critical for business owners who are experiencing family separation or divorce to get skilled advice from a financial advisor.     Extraction point   Business owners who extract their company’s profits to pay dividends could find freedom in pensions. Directors of profitable private...

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One of the new kid’s on the block: Arbitrator Nadia Beckett

One of the new kid’s on the block: Arbitrator Nadia Beckett

  Family Arbitration can rescue a mediated divorce from crumbling into a nasty expensive court battle, so should more mediators be paying attention to it as a resource for their clients? Nadia Beckett of Beckett Solicitors LLP explains the many benefits of using arbitration in a family law divorce setting.     Family arbitration could become a powerful new tool in the mediator’s toolbox, as it has done over the pond in the US and Canada.  It saves the client money and the...

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Will we lose our pension if we don’t use a financial advisor?

Will we lose our pension if we don’t use a financial advisor?

What will happen if we don’t seek advice when taking pension benefits?   The new pension legislation is not just something for financial experts to worry about – anyone with a pension needs to be aware that they could lose much of their future financial security to the tax man, if they don’t get the right advice.   And if you are someone who has been through divorce, and relying very much on the pension arrangements for your financial stability, the last thing you need is to unwillingly...

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The true cost of divorce

The true cost of divorce

  No-one knows better the true cost of divorce than those who have experienced an adversarial court-focused litigation process.  Sometimes those people are the very professionals who work hard to support divorcing clients to stay away from the court and find a better solution.   In this podcast interview with a Financial Advisor who has been through an acrimonious divorce, he describes the true cost of his own divorce and believes that if he had been able to use mediation then...

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Reducing your financial outgoings during divorce

Reducing your financial outgoings during divorce

  In this video the Alternative Divorce Guide Suzy Miller interviews Financial Consultant Lottie Kent of Riverside Financial Consultants about how a financial advisor can help you reduce your outgoings during divorce, and release finance that can be used to secure a safer future for your children: “I worked with a lady who wanted to stay in the family home, but the monthly payments were so high that she and her daughter were going to have to find another home because of the...

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Why Cohabitation Agreements are Essential

Why Cohabitation Agreements are Essential

When my 10 year relationship suddenly split and I found myself with three children under 7, without my name on the house deeds, no career or income, and no pension, I felt the full brunt of not having any marriage laws to protect my interests. I was unusual in that I knew I had no legal rights and that Common Law marriage is a myth.  I just never dreamt that my relationship would ever end. I had never heard of ‘Cohabitation Agreements’ – but if my daughter chooses to settle...

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Divorce is a confusing time even before you deal with the finances

Divorce is a confusing time even before you deal with the finances

  In this video the Alternative Divorce Guide Suzy Miller interviews Financial Consultant Lottie Kent of Riverside Financial Consultants about how confusing and scary divorce can be, and why the last thing you need is to be getting stressed about your finances as well :   “As the daughter of a broken marriage, I understand how hard divorce can be and I know the last thing you want to be worrying about is your finances. I appreciate going through a divorce is very confusing,...

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Top Financial Divorce Tips from Knill James

Top Financial Divorce Tips from Knill James

Simple but very useful advice from Knill James Accountants about how to make the divorce process easier.  Alternative Divorce Guide Suzy Miller interviews David Martin and Suzanne Craig of Knill James Accountants and gets their ‘top tips’:   Being organised is the number one Top Tip Where are the bank accounts?  Where are all the bank statements – are they only online and how can you access them if you’re not the spouse in charge of the finances? Don’t forget that...

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New mortgage rules making it harder to get a mortgage?

New mortgage rules making it harder to get a mortgage?

New mortgage rules have come into force – will it make it harder for you to get a mortgage? At Willow Private Finance we think the answer is NO!   When starting over from divorce, buying a new home is often part of that process, but will these new rules make it harder?   As of the 26th April 2014 new rules regarding affording your mortgage have come into effect. This means that we will have to prove to lenders that you can afford your mortgage now and if interest rates were to...

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Amicable or Adversarial? Divorce financial advice

Amicable or Adversarial?  Divorce financial advice

  In this video interview with financial advisor Sheila Bailey of Willow Private Finance – in my role as the Alternative Divorce Guide – I asked Sheila: “How do couples keep things amicable during divorce and how can you as a financial advisor, help them with that journey”?     “When a relationship breaks down emotions generally run high, there is the possibility that tempers will also run high. There is also so much to think about – the...

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Be smart: Video of the 1st things to consider at the beginning of divorce

Be smart: Video of the 1st things to consider at the beginning of divorce

  When I was getting divorced I had the typical advice from my friends and family:  Get yourself a good female solicitor… don’t give him anything.. etc – and because I was so angry about the situation I never thought of anything else. I didn’t realise what my options were.  This made the whole procedure difficult and extremely augmentative which was not great for him or me, and 13 years later we still do not talk!!   As a member of The Alternative Divorce Guide, I...

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Protection matters – especially after divorce

Protection matters – especially after divorce

  Life can be a handful at times… So how would you cope if the unthinkable happened?         In this interview with mortgage expert Sheila Bailey of Willow Private Finance, The Alternative Divorce Guide Suzy Miller asks how someone navigating divorce needs to be acutely aware of putting financial protection in place.   It’s the things you just don’t think about…..   It’s not just the obvious things that need protecting. As well as the...

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Need to re-mortgage to keep the house after a divorce?

Need to re-mortgage to keep the house after a divorce?

  Don’t want to sell the house post-divorce?   How to re-mortgage        In this interview with mortgage expert Sheila Bailey of Willow Private Finance, The Alternative Divorce Guide Suzy Miller asks how someone navigating divorce can re-mortgage their home as an alternative to selling up.   “If you are needing to buy out your Ex from the family home – or just coming to the end of your fixed rate mortgage deal, now maybe the time to look for a new...

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Investing in Diamonds after Divorce – part II

Investing in Diamonds after Divorce – part II

  Diamonds may be a girl’s best investment post-divorce   Always a girl’s best friend, Diamonds join gold as a stable investment option once the divorce dust settles, as part of a solid financial plan for the future.   Diamonds last forever – sadly unlike so many marriages.  The good news is, diamonds remain a girl’s best friend through divorce also, as buying diamonds is not only an investment option as part of a long-term financial plan, but it feels...

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Investing in Diamonds after Divorce – Part I

Investing in Diamonds after Divorce – Part I

  Diamonds are forever – outlasting even the most long-term and stable marriage.  They remain a girl’s best friend through divorce also, as buying diamonds is not only an investment option as part of a long-term financial plan, it makes investing somehow feel more glamorous!   Who wants a load of gold stashed in a safe box when they can have beautiful gems to enjoy that also provide security for the future?   When you find yourself in the process of getting divorced, all...

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Oil Tycoon Divorce Battle rated “Victory for Fairness”

Oil Tycoon Divorce Battle rated “Victory for Fairness”

‘Victory for Fairness’ was the conclusion of the Supreme Court as the 5 year divorce battle of Oil Tycoon Michael Prest came to a close, with the judges ruling in favour of the wife of the millionaire oil tycoon, in one of the most eagerly anticipated divorce battles of recent years. The panel of seven justices of the Supreme Court ruled on 12th June in a unanimous decision, and Mr Prest was ordered to transfer seven properties to his former wife, Yasmin. The legal battle between Nigerian oil...

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Savvy top financial tips when getting divorced

Savvy top financial tips when getting divorced

Divorce…..whether it’s amicable or not; complications, surprise expenses and lots of financial jargon don’t help an already stressful situation. Here are our tips to help you make financially savvy choices 1. Get informed and in control. In order to have an idea of where you stand financially after divorce you need to figure out your financial status as a married couple. Gather all of the documents relating to your assets and liabilities e.g. savings, investments, pensions and debts (mortgages...

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How to start standing in your power with money

You may have heard the saying that ‘How you do one thing is how you do everything’ – which, when you stop to think about it, is a big statement in itself. However, when it comes to earning, saving, being in debt and really getting to grips with your money habits, mind-set and increasing your income potential since your divorce so that you can begin to create that liberating financial independence – then the saying changes to ‘How you do money is how you do everything.’ This is the phrase that...

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