10 financial planning tips for divorce
By Will Grahame-Clarke, 5 Jan 18
Building up your savings and reviewing your will are among the steps Hargreaves Lansdown has recommended for individuals considering divorce.
Review your protection: Think about your new protection needs.
If you’re paying child maintenance, you may need life insurance to cover payments in the event of your death. Likewise, if you’re receiving spousal maintenance, you may want insurance to cover your ex’s life.
You may need to change your nomination of beneficiaries for your pensions and work based death in service benefits.
Tags: Divorce
