Financial planning for divorce: first steps

SYMPlanning

Divorce is emotionally draining and financially complex. Being organised with your finances helps reduce stress and ensures fair outcomes.

Gather Financial Information

Compile all financial documents: bank statements, pension statements, property valuations, investments, debts. Know exactly what assets and liabilities exist.
  • List all accounts and balances
  • Get property valuations
  • Gather 2+ years of statements

Protect Your Credit

Close joint accounts. Ensure your name is on utility bills. Check your credit file. Consider a freeze if there's risk of financial manipulation.
What about the family home?

The family home is usually the biggest asset. Decisions include: sell and split proceeds, buy out partner, or offset against other assets. Get legal advice.

Get Professional Help

Use a solicitor for legal advice. Consider a financial adviser for pension sharing. Mediation can be cheaper than court. Don't rush decisions.
  • divorce
  • separation
  • finances
  • assets
  • UK