Lockdown Pressure Impacts Relationships

Just over 1,000 online divorce applications were lodged in the first week of lockdown.  Figures from Her Majesty’s Courts and Tribunals Service (HMCTS) saw 1,001 web petitions filed between March 23rd and March 31st alone. With statistics for the rest of lockdown not yet available, it is feared that there will be a huge surge in couples deciding to separate.  

Going through a separation or divorce is a difficult and daunting time and it can feel overwhelming with everything that has to be considered.  It is vitally important to think about how the breakdown of a relationship affects any assets, estate and, most importantly, any children.

There will be areas that need dealing with immediately to maintain stability such as bills and mortgage payments. However, once these are taken care of, it is time to look longer-term and seek advice from a professional Independent Financial Adviser.

Hamnett Wealth Management specialises in this area and we can discuss the best way to split assets for separating couples and consider the tax and legal consequences. We are an accredited member of Resolution, an organisation of 6,500 family lawyers and other professionals in England and Wales, who believe in a constructive, non-confrontational approach to family law matters.

Find out more about how we can help by giving us a call on 0114 235 3500 or email us at advice@hamnettwealth.com.