Monday 5th July, 2021
Pensions and divorce - how are pensions treated when a marriage breaks up?
"Do pensions form part of the marital assets?" This is a question I am frequently asked by clients who are unfortunately getting divorced. It is a really important question, as pensions are often the most valuable asset that has been built up during the course of a marriage, quite frequently worth more than the couple's house. Unfortunately, these are assets that are also frequently ignored in divorce discussions and the final financial settlement, leaving at least one of the parties in an unenviable position when it comes to funding their retirement in the future. In the article below, I will discuss which pension benefits may be taken into consideration when getting divorced, how they are valued and the options available when dividing the benefits between the two parties.
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