Topic: Protection

The hidden cost of divorce

UK couples are spending more than £44,000 on average when they divorce or separate

Achieving a fair resolution of all the financial issues surrounding divorce or the dissolution of a registered civil partnership can be highly stressful. Alongside wanting to resolve these effectively and affordably you may also be worrying about how you will achieve the fairest division of your family assets, how to deal with any requirements for continuing support or perhaps even how you will manage to make ends meet in the future.

What’s in your basket?

Diversifying your assets helps spread risk by lessening the potential for losses

Most investors are used to hearing the term ‘diversification’ – but it has a broader meaning than many realise. Diversification is the process of investing in areas that have little or no relation to each other. This is called a ‘low correlation’.

Trusts

Passing your estate to the right people at the right time

Putting your savings, investments, life policies or assets into a trust can play an important part in estate planning. A trust is a legal entity that has control over assets for the benefit of one or more people, and there are different types of trust which can be set up according to what you intend to achieve.