6th January 2025 was “divorce day” – so-called because solicitors reportedly see a marked increase in the number of couples filing for separation on the first working Monday of the year.
This could be because couples spend more time at home together over the Christmas period, potentially highlighting difficulties in the marriage. Additionally, many people are looking for a fresh start at the beginning of a new year, so they may decide to file for separation in January.
Going through a divorce can be incredibly emotionally challenging, but it may also represent the beginning of a new phase of your life. When starting a new chapter, it’s important to consider your financial plan, review your goals, and prepare for any challenges you might face in the future. This could be especially true during a divorce as the process and aftermath of a separation might significantly affect your financial position.
These financial hurdles can cause additional stress during an already difficult time. Fortunately, with our help, you may be able to mitigate some of these challenges after a separation and continue working towards your financial goals.
Read our guide for an outline of five key financial planning considerations during a divorce. If you’d like to arrange a meeting with us to talk about your financial plan, please get in touch.
