When going through a divorce, it is essential to gain a clear understanding of your financial situation.
As specialists in pensions and divorce, our aim is to guide you through the complexities of pension matters that must be addressed following the end of your relationship.
Whether you are the husband, wife, or both parties seeking support, we can assist, no matter who holds the larger portion of the pension assets.
Handling pensions involves multiple steps, so we’ve developed a comprehensive framework to offer clarity.
This definitive guide provides an idea of what to expect as you move forward. We understand that pensions can be difficult to grasp at the best of times, and in the context of divorce, making crucial decisions can feel even more overwhelming. Our goal is to proceed at a pace that works for you, giving you the time and space to make these significant decisions.
If you have already engaged a family lawyer, they may have advised you on how our expertise can best support your case, whether as a shadow expert, a single joint expert, or by assisting with implementing a court order.
The Definitive Guide
Seven steps to understanding pensions during divorce
In this role, we work specifically for you, potentially assisting with:
- Communicating with you and/or your solicitor to explain pension matters.
- Gathering information about your pension plans.
- Analysing the pension details provided by your spouse or partner and identifying any additional information required.
- Determining whether a pension report is necessary and helping to draft the appropriate questions.
- Explaining the outcomes of any pension report and contributing to an overall solution.
- Helping implement any pension sharing orders in collaboration with our skilled financial planning team.
When appointed as a single joint expert to produce a pension report, we follow specific protocols to ensure impartiality. Our responsibility is to the Court, with all communications shared between both parties. Should either party later request further assistance after our role as a Single Joint Expert — such as executing a pension sharing order or rebuilding lost pension rights — we are happy to help, provided both parties agree.
With years of experience in this field, we recognise that implementing a pension sharing order can be just as challenging as deciding how to divide the pension itself.
Our trained consultants at MKC Wealth are here to support clients who are experiencing, or have already undergone, a relationship breakdown. We understand the unique challenges this situation can present.