Financial arrangements when separating

Splitting your assets (and your debts) when you decide to divorce can feel overwhelming.

Most people must accept a change in lifestyle when they divorce. Rarely is there enough money to go around, it’s important to set realistic goals and have a clear picture of where you want to be after your divorce.

Sorting out your finances amicably is certainly possible, but you may also need some support either if there are a lot of complicated assets in the relationship or if you and your partner can’t agree. Its also wise to turn this into a legally binding arrangement.

In this video, Lottie Kent, founder and owner of True Financial Design, explains the importance of financial knowledge, managing expectations, understanding the value of the family home, how to map out your finances for your immediate needs and plan for the future, and how to deal with and understand pensions.