We find that many couples overlook pensions when they’re getting divorced despite being one of or even the main asset available on divorce. To do so is a huge risk and you are gambling with your financial future.
We find that separating couples often do not appreciate that:
- They may not be able to look after themselves financially in retirement.
- Pensions can be shared in a divorce (i.e. that a part of an individual’s pension can be carved off for their spouse).
- There are many different types of pension with different benefits, risks and income and all this needs to be considered.
- Pensions can be valued in lots of different ways depending on the rules of each scheme. Therefore, it is very dangerous to assume that pensions have been valued fairly or accurately. We can check this for you.
- There are different ways of sharing pensions to help meet the needs of a spouse in retirement.
We work with you to avoid costly mistakes. When it comes to pensions on divorce we can help pinpoint the most favourable way to approach the pensions, the true value of the pensions and tell you what retirement income you should expect to receive. Without specialist help, you are shooting in the dark and this can cost you a lot of money.
We can make sure that you don’t miss out on something you may be entitled to. It is important that you are advised about the best way of dealing with your pension claims and you have a skilled negotiator on board to secure the pension you need.
We leave no stone unturned so, please call us now on 01423 594680. Do not agree any divorce settlement without getting expert advice, it may cost you for many years to come.
Andrew Meehan is an experienced family lawyer specialising in complex divorces involving significant or hidden assets, as well as cases involving children.
He is recommended for family law by both Chambers 2018 (York, Hull and surrounding regions) and the Legal 500 2017 (Leeds/West Yorkshire and North Yorkshire region).
Everyone’s circumstances are different and this article is provided by way of general information only and must not be replied upon. If you require legal advice on a family law issue, please feel free to contact us by emailing firstname.lastname@example.org.