It may come as a surprise to know that in the UK, 71% of divorcees do not discuss pensions. Given that retirement plans are usually the greatest asset in marriage, this is often very damaging and rather nonsensical. It is therefore important couples have a good understanding of how their marital assets will be affected during a divorce. In this series, we look at pensions and divorce
The Government’s latest reforms to family law have focused on ending the blame game in divorce; or in other words, ending the no fault divorce.
Previously, couples were obliged to list the reason for the marriage breaking down such as adultery, unreasonable behaviour or desertion. Under the previous system, couples needed to prove they have been separated for 2 years, or 5 years if one partner did not agree to the divorce.
It is becoming more common for people to issue and deal with their own divorces. The process can involve obtaining the relevant forms from the internet such as from government websites and completing the forms themselves.
1. Be open, honest and frank with your solicitor.
Your solicitor will be able to advise you adequately from the outset if you are forthcoming with information however sensitive that information may be.
1. Preparation for the first meeting.
If possible, go along to the first meeting with your solicitor with a list of the matrimonial assets and liabilities that you are aware of which will help to streamline the first meeting. Raise any concerns you have with your solicitor and attend with a list of questions to ask which will help to focus the meeting.
Amicable divorces or ‘peaceful divorces’ are the majority of the time, seen as a bit of a myth. Many losses are experienced towards the end of a relationship, loss of home, security, finance, comfort, intimacy which can cause hostility and upset during the divorce process.