Separating fact from fiction: defusing the divorce bomb

Mike Mason, director with BDO’s forensic team, explains the actions advisers should take in the event they have a client who is getting divorced.

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Mike Mason, director with BDO's forensic team, explains the actions advisers should take in the event they have a client who is getting divorced.

The sad reality of life is that many marriages end in divorce. According to figures published by the Office of National Statistics in December, one out of every three marriages ends in divorce by the 15th anniversary. The end of a marriage is often a very emotional time but it is important that people who find themselves in this position do not make rash decisions with regards to their financial affairs. The bureaucracy of separation can often add unnecessary heart ache to the process and, whether a case is contentious or not, it makes absolute sense to ensure that the settlement is a...

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