John Humphreys: Advising on the financial practicalities of divorce

Protecting and dividing family wealth

clock • 5 min read

There are no simple remedies for the pain of divorce, writes John Humphreys, but advisers are at least well-placed to listen, support and offer much-needed assistance on the financial practicalities of splitting up

It is the New Year and a fresh start - and, for some, that means initiating a divorce. The first working Monday in January has rather unfortunately been nicknamed ‘Divorce Day' on account of the spike in enquiries often reported by solicitors at this time of year. In a dramatic illustration of the point, Jeff Bezos, founder of Amazon and reportedly the richest man in the world, announced on 9 January he was to divorce his wife MacKenzie. This particular split could lead to her becoming the richest woman in the world - and at least a billionaire even if she receives just one per cent of h...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Child benefit changes could see higher earners reap pension boost

Child benefit changes could see higher earners reap pension boost

Analysis from Quilter says gains to be made from Spring Budget changes

Jenna Brown
clock 11 March 2024 • 2 min read
Spring Budget 24: Non-dom scrap 'a missed opportunity' for the UK

Spring Budget 24: Non-dom scrap 'a missed opportunity' for the UK

‘It may be possible to trigger foreign income and gains prior to 6 April 2025’

Hope Coumbe
clock 07 March 2024 • 4 min read
Spring Budget 24: Child benefit charge threshold raised to £60,000

Spring Budget 24: Child benefit charge threshold raised to £60,000

Measure to address 'unfair' system welcomed by industry commentators

Jenna Brown
clock 06 March 2024 • 7 min read