Listen "Episode 61: Managing your money during divorce"
Episode Synopsis
There is a great deal of misunderstanding, and taboo around finances, but it is a topic that will impact everyone going through a divorce. Going from one household to two, and splitting finances at the point of divorce can be tricky and stressful.In this episode, Liz Grimshaw, financial planner and co-founder of Revival Financial Planning, talks about how to manage your money during the divorce process, what happens to your money when you divorce and understanding the importance of long-term planning, and educating yourself about money.01:42 Why it’s important for people to manage their money during divorce02:49 The main financial worries people have at the beginning of divorce06:00 Changing how you feel about money and how you use it07:34 Pension sharing vs the family home09:05 When’s the best time to approach a financial adviser?10:47 Working with financial advisers and lawyers together13:33 Understanding return on investment for advice16:16 Starting again after divorce17:25 The impact of money being a taboo topic19:05 Managing money at the start of the process23:06 Top tips for managing money during divorcePensions and divorce https://youtu.be/2eubp2dUCrE?si=C8WBfszloCHq8aTY Ask a family lawyer https://open.spotify.com/episode/4Ql7uKEFMNpE8upJTWCrop?si=43e1aef212384728Guide to reviewing your financial disclosure https://www.stowefamilylaw.co.uk/premium-content/?type=guide&item=how-to-reviewing-your-financial-disclosure How to be financially prepared for divorce https://www.stowefamilylaw.co.uk/stowe-support/top-tips-on-how-to-be-financially-prepared-for-divorce/ If you need support with the issues raised in this podcast, or would like to speak to a family lawyer, contact Stowe at: https://bit.ly/35WPSj2 Join our list to get the latest from our lawyers, divorce coaches and relationship experts sent monthly to your inbox. Everything you need, in one 🔎 Access further free resources to help you through a relationship breakdown and beyond at Stowe support. Instagram https://www.instagram.com/stowefamilylawuk Facebook - https://www.facebook.com/stowefamilylaw LinkedIn - https://www.linkedin.com/company/stowe-family-law/ YouTube - https://www.youtube.com/c/StoweFamilyLaw1 This podcast is brought to you by the Stowe talks team at Stowe Family Law - https://www.stowefamilylaw.co.uk/
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