Separating can put a lot of strain on everyone involved, including from a financial perspective, and it is not uncommon for people to decide to put off decisions about how to split up any assets from a relationship until a later date. Whilst this may sometimes seem like a sensible decision in the short-term it is important to understand that in the vast majority of cases there will be no financial certainty until the issues surrounding finances are carefully addressed. To a certain extent, the level of uncertainty will depend upon whether or not the parties involved are or were married to each other, or in a civil partnership, as there are a lot of additional laws governing the finances of married couples and civil partners as opposed to those who have not entered into a marriage or civil partnership. However, there are normally a number of financial considerations that should be thought about carefully when a relationship comes to an end.
To find out more about the financial issues that you might want to consider, please click one of the links below or contact us to discuss your needs.