Article by Sarah Pennells
If you’re thinking about getting divorced, you’ll probably have braced yourself for a lot of uncertainty. But for many women, one of the biggest fears is about the financial consequences of breaking up.
When I was writing my book, ‘Divorce; how to help yourself and your finances’ , I spoke to many women who were either already divorced or in the process of splitting up. Most worried about how they would cope financially after the breakup and all wanted straight answers about how their home and other assets would be divided.
Unfortunately, there are few cast iron rules about who gets what (certainly if you get divorced in England or Wales, although it’s different in Scotland). But there are some guidelines that might help.
How are assets divided?
Big money divorces create all the...