Dave Hurring is based in Kings Hill, West Malling, Kent and has helped many local divorcees over the years.  No two divorces are the same, though it’s fair to say for most, it is a stressful and emotional time.

In addition, if there are children involved, that can also add another layer of complexity to a difficult process. The financial settlement for a divorce will usually take a lot of time and consideration.

Marital assets will need to be split; this can obviously have a significant impact on your financial plans. This is a time when a reputable financial adviser can offer support and expert guidance, often working alongside your solicitor and accountant. 

Creating a financial plan for Divorce  

Reef Financial provides a bespoke service and can empathetically advise people who find themselves going through a divorce. We offer tailored financial plans that play a pivotal part in enabling and empowering people to take back control of their life and finances.

Our approach to creating your bespoke financial plan  

Dave suggests clients come and meet him for an initial conversation at the beginning of their separation or divorce journey. There is a lot to consider. We also have helped many clients later in the process, often dealing with pension sharing orders or investing assets after a settlement.

Divorce needs informed and detailed planning. As mentioned, every divorce is different, however here are some questions and topics we would discuss:

• Have you established your financial needs? What income and assets are you hoping for?
• How will your housing needs be met? How do children effect those needs?
• Will you require and be able to pay for a mortgage? How will mortgage affordability be established?
• What type of pensions are involved? How will they be valued?
• How do pension sharing orders work, what are the options? How will you gain control of your share and manage it moving forwards? 
• What is the best thing to do with any other cash, investments, assets after the split? Can they be used to generate an income?
• Does the divorce effect on any future Inheritance Tax implications?
• Are there any Life Insurance, or Critical Illness policies that need to be considered?
• Should you change your Will and consider using Trusts?
• Where there are children involved, what age should any maintenance stop?
• Are all marital assets included in the ‘pot’ to be split? What happens if something changes after you’ve split but before the financial settlement is finalised?

The financial settlement can be a complex and drawn-out process.

It requires estranged parties to find compromise at an often difficult and emotional time. Dave can provide guidance and expertise, from beginning to end, to help achieve the right outcomes.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Will writing involves the referral to a service that is separate and distinct to those offered by St. James's Place and along with Trusts are not regulated by the Financial Conduct Authority.