
Stowe talks
Stowe talks
Episode 61: Managing your money during divorce
There is a great deal of misunderstanding, and taboo around finances, but it is a topic that will impact everyone going through a divorce. Going from one household to two, and splitting finances at the point of divorce can be tricky and stressful.
In this episode, Liz Grimshaw, financial planner and co-founder of Revival Financial Planning, talks about how to manage your money during the divorce process, what happens to your money when you divorce and understanding the importance of long-term planning, and educating yourself about money.
01:42 Why it’s important for people to manage their money during divorce
02:49 The main financial worries people have at the beginning of divorce
06:00 Changing how you feel about money and how you use it
07:34 Pension sharing vs the family home
09:05 When’s the best time to approach a financial adviser?
10:47 Working with financial advisers and lawyers together
13:33 Understanding return on investment for advice
16:16 Starting again after divorce
17:25 The impact of money being a taboo topic
19:05 Managing money at the start of the process
23:06 Top tips for managing money during divorce
Pensions and divorce https://youtu.be/2eubp2dUCrE?si=C8WBfszloCHq8aTY
Ask a family lawyer https://open.spotify.com/episode/4Ql7uKEFMNpE8upJTWCrop?si=43e1aef212384728
Guide to reviewing your financial disclosure https://www.stowefamilylaw.co.uk/premium-content/?type=guide&item=how-to-reviewing-your-financial-disclosure
How to be financially prepared for divorce https://www.stowefamilylaw.co.uk/stowe-support/top-tips-on-how-to-be-financially-prepared-for-divorce/
If you need support with the issues raised in this podcast, or would like to speak to a family lawyer, contact Stowe at: https://bit.ly/35WPSj2
Join our list to get the latest from our lawyers, divorce coaches and relationship experts sent monthly to your inbox. Everything you need, in one
🔎 Access further free resources to help you through a relationship breakdown and beyond at Stowe support.
Instagram https://www.instagram.com/stowefamilylawuk
Facebook - https://www.facebook.com/stowefamilylaw
LinkedIn - https://www.linkedin.com/company/stowe-family-law/
YouTube - https://www.youtube.com/c/StoweFamilyLaw1
This podcast is brought to you by the Stowe talks team at Stowe Family Law - https://www.stowefamilylaw.co.uk/