‘Going after their pensions’- why this phrase makes me feel uncomfortable
Here's why you should ignore the phrase. If someone has been paying into their pension, the alternative is to bring the assets into the household instead.
When couples go through a divorce, it’s natural to focus on dividing the home, savings, and other visible assets. However, one major asset that is often overlooked is the pension.
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.