Divorce in a downturn: Extra issues for couples and their advisers

Divorce rates reached a decade high in the middle of 2022 coinciding with the introduction of no-fault divorce which came in post the stresses and strains of lockdown. With the economic situation looking uncertain, divorce rates may temporarily decline as they did in 2008, the last previous recession when the Office for National Statistics concluded that a recession is associated with an increase in divorce but with a delayed impact. From this, it appears that many couples may choose to delay their divorce until an economic recovery lifts the value of their assets. For those couple...