Separation and divorce
The involvement of solicitors in matters of separation and divorce is automatic for the vast majority of people. Many people do not, however, realise that the process of separation and divorce can also give rise to a great many financial and tax planning issues requiring advice from accountants.
If assets are to be transferred between spouses, the timing of these transfers can be critical to avoid large tax bills, whilst investment advice may be needed to avoid a substantial drop in your standard of living, post divorce.
The following sections consider the financial effects of separation and divorce:
