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Divorce is a fraught process at the best of times. Splitting during a cost of living crisis can add serious financial pressure to the emotional impact of a separation.
Splitting couples have to contend with falling house prices, inflation and a choppy jobs market which can make settling property, pension, tax and maintenance arrangements even more challenging. That is not to mention legal fees, which can range from £25,000-£250,000, depending on how long and detailed your settlement is.
If you’ve been through this, we’d like to hear from you about your experience of divorce during the cost of living crisis.
Have you considered divorce, but ultimately backed off or delayed a split due to strains on your finances? Or have you jumped at the chance to buy out your partner at a time of low asset prices?
Have you come to a “kitchen table agreement” to keep legal costs down? Or would you prefer to iron out the details with the help of a professional adviser?
Please get in touch, in confidence, by email to martha.muir@ft.com.
Source: Economy - ft.com
