Finance in Divorce Service

Leading Independent Financial Advice for Divorce and Separation
Welcome to Towergate Financial Finance in Divorce – for all the support you need to retain your financial independence…

The Towergate Financial Finance in Divorce team provides specialist independent financial advice to both private individuals seeking a separation, and their professional advisers.

Divorce and separation can raise unexpected financial issues. And making the wrong decision at this emotionally-charged time could have serious implications in the future.

Going It Alone
If you are thinking of divorce, it’s essential to take proper financial advice as far in advance as possible.

It may be the last thing you want to consider right now, but failing to make financial provision for your future post-divorce could have a life-long impact. Even if you’re financially savvy with a trusted financial adviser already looking after your affairs, divorce can impact on very different areas, and you may need specialist financial advice.

Things you may need to think about include:

  • Protecting maintenance payments – to maintain your and your children’s future standard of living
  • Pension provision and appropriate advice relating to pension sharing orders and your potential pension rights - to ensure a secure retirement
  • Tax planning – how to minimise Capital Gains Tax and Inheritance Tax liabilities
  • Funding – the best options to help with costs over the period before  divorce settlement is agreed
  • Existing savings and investments – does what you may be offered in a settlement properly address your needs?


Professional advice to complement your services
If you are a family lawyer, accountant or other professional whose clients are considering divorce, remember that the earlier you and they receive specialist  advice, the more assured you can be of a suitable outcome.  Introducing your client to a trusted financial adviser can help reduce your client’s anxiety and often opens new routes to reach a successful conclusion. For you, engaging with the experts at Towergate Financial Finance in Divorce can reduce the risk of future litigation.

Towergate Financial Finance in Divorce can reduce the risk of future litigation.
 
We advise on a wide range of divorce-related issues including:

  • Pension provision and rebuilding pension rights
  • Maintenance payments
  • Income equalisation
  • Actuarial services - we work closely with Paul Windle of Actuaries for Lawyers who is happy to discuss pensions cases informally prior to receiving instruction.
  • Tax planning - to mitigate liability
  • Loans - at the most competitive rates
  • Capitalisation - often within one working day
  • Investment and risk profiling - portfolio restructuring to maximise income or adjust risk.

With advisers qualified in collaborative divorce, we can support your clients in avoiding costly and emotional court appearances.

How much does it cost?
The first important point to make is that our initial meeting with you is free of charge and without obligation. You will need to decide if you can work with us and we need to determine what advice and service we can provide you with.

You are fortunate to have a choice as to how you want to pay for our advice and services because we can be paid a commission from the companies with whom we arrange your policies or we can agree a Fee directly with yourself.

Every client’s circumstances are different and as such we do not have a set charging structure. After our first free meeting we can discuss the most appropriate way forward for you and you can consider the options before deciding how we move forwards.

Can I divorce when I am in a Civil Partnership?
If you have a Civil Partnership, the procedure and time scales are the same as Divorce. However, the ‘Decree Nisi’ is known as a ‘Dissolving Conditional Order’ and the ‘Decree Absolute’ is called a ‘Final Order’. The only difference is that you cannot dissolve the relationship on the grounds of Adultery.

Will I lose my pension?
Pensions and retirement plans are marital assets. Depending on the state you live in, the portion that was earned before your marriage could also be considered a marital asset. However, it is possible to keep your pension and have it offset with other assets.

Do I have to agree all financial matters before I start divorce proceedings?
As with financial issues, you do not have to agree everything regarding the children but it would be a good idea to do so. To get your divorce you have to show that the arrangements for the children are satisfactory or the best that can be devised in the circumstances. In the context of divorce proceedings you can apply for orders relating to the finances for the children and orders relating to residence and contact but the court is reluctant to grant such orders unless it is absolutely necessary. You will have to show why it is impossible to agree.

Contact the Towergate Financial Finance in Divorce team on 01924 351000 or email them at financeindivorce@towergate.co.uk