Divorce and separation can be overwhelming—not only emotionally but also financially.
At Myerson, we understand that clear financial planning is crucial during these challenging times.
Our latest episode of MyFamily Pod features an enlightening conversation with financial planning experts Jenni Macdonald and Liz Grimshaw from Revival Financial Planning, who share practical advice on managing finances during divorce and separation.
In this episode of MyFamily Pod, you will learn:
Divorce often brings uncertainty about the future. From asset division to retirement planning, many questions arise regarding how to secure financial stability post-separation. Our podcast episode explores how proactive financial planning can help ease this transition, providing the peace of mind you need during a turbulent time.
Jenni Macdonald and Liz Grimshaw bring decades of expertise to the table. Jenni, a Chartered Financial Planner with 20 years of experience specialising in pensions and tax planning, is passionate about simplifying complex financial jargon. Liz, with her background in IT and a keen interest in investments, uses cash flow modelling to help clients visualise their financial future. Their combined expertise offers invaluable insights for anyone facing divorce.
One of the key topics discussed in the episode is cash flow modelling. This process involves forecasting current income, outgoings, and future financial needs, which is essential for negotiating a fair divorce settlement. By creating multiple models, you can explore various scenarios and adjust your financial expectations accordingly.
With fluctuating mortgage rates and shifting property values, understanding your mortgage capacity is vital. Our experts explain how detailed mortgage capacity reports can influence the division of assets and help determine whether you can maintain or secure new property post-divorce. This insight is crucial when planning for long-term financial stability.
Dividing pension pots during divorce can be one of the most complex aspects of financial planning. In the podcast, Jenni and Liz break down how pension sharing works, including the differences between defined contribution and defined benefit schemes. They also discuss how a detailed pension analysis can guide judicial decisions and ensure fair outcomes for both parties.
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Listen to the Podcast
Divorce and separation can be overwhelming—not only emotionally but also financially. At Myerson, we understand that clear financial planning is crucial during these challenging times. Our latest episode of MyFamily Pod features an enlightening...
Listen to the Podcast
The gender pension gap remains a significant issue in the UK, with women retiring on average with far smaller pension pots than men. Our latest episode of MyFamily Pod features Jane Tenquist , Head of Family Law at Myerson Solicitors, and financial...
Listen to the PodcastFor more information regarding finances and divorce, contact our Family Law team on:
Nichola has over 16 years of experience acting as a Family solicitor. Nichola has specialist expertise in divorce and high net-worth financial settlements, separation, co-habitation, pre-nuptial agreements, complex disputes regarding children, fertility law and surrogacy law.
About Nichola Bright