Posted: Thursday 13 October 2011
I see lots of clients who want to split from their partner, but feel as though they simply cannot. One reason people find it difficult to take the plunge is that separation is seen as an expensive option. Leaving aside issues of love, history, kids, pets and the like, money is considered to be a huge barrier to walking away from a relationship.
Think about your average couple in the UK. They are married with children. They own a home in joint names. They have one car, which is shared. They have a joint bank account. Their pensions and insurance cover are linked. They share a fridge, freezer, cooker, washing machine, TV, stereo, bed, towels, books – the list goes on.
An attempt to sort out affairs such as these seems like a mammoth task. People are concerned about starting over again and having to pay lawyers large sums of money to try to sort everything out. With the economy in such a mess, many clients are worried they will flounder alone.
I always tell clients never to forget that Knowledge is Power! Only then can creative solutions which can prevent the further haemorrhaging of money be found. Proper advice is the route to prudent planning and the right representation with a focus on costs should always aim for an outcome which avoids financial ruin.
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