Could divorce or remarriage affect my plans?
Count on us for valuable insights and guidance to help you skilfully navigate these complex financial changes.
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Untangle your finances
Support when you need it
Divorce can have a profound impact, affecting not only your emotional wellbeing but also your financial stability. Even if you think you’ve got all your ducks in a row, divorce can shake things up.
Changes in your marital status can have significant implications for your financial situation, including taxation, asset division and estate planning. If you’re a business owner, it’s not only your personal finances you need to consider, as they may also be entitled to a share of the company. We can help you understand your options and make informed decisions.
How we help you…
Assessing your position
A common question is “will I have enough money in the future?”. It’s not one that we can answer on the spot, so we use cashflow modelling to visualise what your life could look like based on different ‘what-if?’ scenarios. Doing this will help you make the best choices and is a powerful tool for divorcees during this uncertain period.
Generational wealth
The impact of divorce on generational wealth can be significant. Add a second marriage to the mix and there can be varying family dynamics to deal with. You’ll want to update your estate plan to ensure that your assets go to the intended beneficiaries. This includes revising your will and potentially creating a trust.
Evaluating your goals
Big changes make you re-evaluate your life and look at things differently. New goals may include increasing your savings, selling your business, buying a home, supporting children or planning for a second marriage. Adjusting your financial plans to align with these new objectives is crucial.
Please note that the Financial Conduct Authority does not regulate tax planning, will writing and trusts.
Your journey
Step 1
Initial chat
The starting point on your journey with us is designed to give you the space to talk and tell us about your goals.
Step 2
Status check
We will gather additional information, including your income, expenditure and lifestyle, and then we will map out what could affect these over time.
Step 3
Uncover scenarios
We will have another meeting to identify different scenarios. This will consider questions such as “How do I get back on track?”
Step 4
Staying on track
Seeing your plans come to life is the best part of our job and we will be there to guide you on this journey.
What our clients say
While we could certainly say tons of great things about our work and success stories, isn’t it more fitting to let our clients do the talking?
Eden Gate Financial Planning is a trading name of 2plan wealth management Ltd, which is authorised and regulated by the Financial Conduct Authority. It is entered on the FCA register (www.fca.org.uk) under reference 461598. Registered office: 2plan wealth management Ltd. 3rd Floor, Bridgewater Place, Water Lane, Leeds, LS11 5BZ. Registered in England and Wales Number: 05998270
The Financial Ombudsman Service is available to mediate individual complaints that clients and financial businesses aren’t able to resolve themselves.
To contact the Financial Ombudsman Service please visit: http://www.financial-ombudsman.org.uk/contact/index.html
The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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