Reassessing Protection Insurance During Divorce: Why You Shouldn’t Wait
While divorce usually gives you plenty to do, and it’s natural to focus on big decisions like dividing assets and pensions and figuring out living arrangements. However, one aspect that can be easily overlooked is your protection insurance. Life changes during divorce may affect your insurance needs, so it’s essential to reassess your policies as soon as your circumstances shift rather than waiting until everything is finalised.
In this blog, we’ll explore why reassessing your protection insurance early in the divorce process is essential and the key factors you should consider when updating or changing your policies.
How Are Pensions Split in Divorce?
Dividing assets can be complex when a marriage ends in divorce, and pensions are often one of the most valuable assets. While pensions may seem like an afterthought compared to the family home or savings, overlooking them can lead to an unfair settlement. Understanding how pensions are divided in a divorce and the various methods available is essential for ensuring a fair financial future.
In this blog, we’ll explore how pensions can be split in divorce, the advantages and disadvantages of each method, and how decisions about pension division are made.