Divorce can be stressful and with the rising cost of living it’s increasingly tempting for separating couples to try and save money by getting a ‘doit-yourself’ divorce. However, there is a real danger that cutting corners now could cost you dearly in the longer term.
Pensions can be a valuable asset built up during the marriage yet pension sharing order applications have fallen by 35% since DIY divorce was introduced.
Divorce can be a highly complex and you could miss out on what you are entitled to, such as pension provision, spousal maintenance or business related payments. You may not be aware of all the options open to you, the longterm implications of your choices or the tax consequences of your arrangements | Tracey Smith – Partner, Family & Mediation Team