NICHE FEATURE
The obstacles of
divorce and separation From moving house and restructuring your investments to updating your will and sorting out your pension, divorce and separation is full of transitions – a local family law solicitor guides us through the complexities
T
he psychological and emotional effects of divorce are obvious, but the damage that the more practical aspects can have on a person’s wellbeing – such as restructuring investments or sorting out your pension – are often overlooked. Glynis Wright MBE, who heads up Nelsons’ family law team in Leicester, walked us through the aspects of divorce and separation that don’t often receive the attention they deserve right away. She explained: “A divorce or separation is about much more than just receiving a decree absolute certificate. As well as dealing with the short-term issues at hand, it’s important to look towards the future, enabling separating couples to have peace of mind by having plans in place post-divorce. “These clients are going
through one of the toughest times of their lives – a family law solicitor gives them a voice, fights for them, and steers them through the complex legal issues they face. “For example, as well as needing to file a divorce petition, someone may be moving out of the family home and need support with selling the property and buying a new one. “If a family business is involved, we’ve got our corporate team, and as we work towards a settlement for our clients, our colleagues in the investment management team are on-hand to help them picture their financial futures using cashflow software. “A share of a pension, some investments or rental properties can all be great, but it is also important to understand the level of income those assets can generate in order to determine
A DIVORCE OR SEPARATION IS ABOUT MUCH MORE THAN JUST RECEIVING A DECREE ABSOLUTE CERTIFICATE
whether the client will be able to enjoy their future lifestyle or not.” It would seem divorcing or separating couples may need more guidance and support than many might have originally first thought. “Divorce and separation can be complicated and emotional, so having access to multiple experts under one roof can really streamline that process and deliver the right blend of support and practical advice at a time when it’s needed most,” Glynis told us. If you’ve been affected by the issues in this article, you can contact Nelsons for advice on 0116 222 6666.
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