Many people do not immediately think of the financial side of divorce but are consumed by the emotions; however the finances are just as important. You may feel that without your partner’s income you will not be able to be independent and manage on your own. You may be afraid to leave your partner to have to manage on their own. If you have children, it can be even more complicated. Do not lose heart; there are many ways that we can advise you to best suit your financial position.
A common scenario we come across is that, once women become mothers, they may stop work or go down to part time work due to looking after the children and so they have a reduced income. The mother then feels that she cannot manage on her own financially due to her not working or working reduced hours. She may also lack experience and confidence to get a job, and has this worry, as well as that of looking after the children.
Once you come and see us at Steeles Law, Amanda, our Family Law Specialist Solicitor can see what maintenance and tax credits you might be entitled to, making it easier for you to manage on your own.
You can also be assisted by Life and Business Coach, Jo Rayner, through job and housing searching. Jo can also help with preparing your CV and providing you with interview tips to enable you to find a suitable job. It is important to understand your budget and Jo can assist in creating an income and expenditure spreadsheet so that you can see if you can afford to set up a new home etc. and support yourself and your children.
Advice is not just available for the person with the lesser income and responsibility of the children. Men are typically the main bread winner in the family and also need help in exploring the financial possibilities. Amanda and Jo both have experience in advising men in such situations and to help look at ways to make the family finances work as much as possible upon separation.
Whatever situation you are in, it is important that you are willing to explore different financial options and to find the one that protects yourself and caters for your family.
If you have any of these concerns, then please drop in or book an appointment to see Amanda and/or Jo on Friday 23 February at Steeles Law, Norwich between 10am and 4pm.
If you prefer to book, please contact Kathryn or Nicki at email@example.com or 01603 598000.