Divorced or widowed
Planning your money if you’ve recently been widowed or divorced can feel like an overwhelming task – particularly if you were not the one who previously took care of the household finances. We offer support and guidance at what are undoubtedly some of the most difficult times of life.
We understand that tackling your finances can feel like the last thing you want to do when you are dealing with a loss. The emotional turmoil of life after a separation or when you are grieving the loss of a loved one, can be enough on its own. However, we also know that added financial worries can make things much worse.
Our experienced and compassionate planners will help you make sense of your current finances, and plan for the future you want for yourself. We will help you gain answers to questions and find solutions to challenges you are facing now, as well as help you gain confidence in your ability to manage your money with our help going forward with a long-term plan. And always at a pace and in a way that you are comfortable with.
Clients often ask
What do I do now?
At emotionally challenging times of life, there are often difficult decisions to be made, sometimes quickly. These decisions may have long-lasting consequences so it’s really important to gain professional, independent advice in these circumstances.
You are likely to have questions about what will now change in your life, what your options are, how much you can afford to spend and what your future looks like. We will show you the implications of each decision and help you find the solutions that are right for you and your family. We are happy to work with your chosen legal and accountancy professionals to agree the right solutions for you.
How much money do I have and how much money will I need in the future?
Having to take responsibility for the household finances can be a great cause of anxiety if it’s not something you have done for a long time. You will understandably have questions and concerns about what you have and what you will need in the future. We will work through everything with you and organise your pile of paperwork into a plan that you feel clear about and confident managing. We’ll also work alongside your solicitor, accountant and other advisers to ensure we are all working in a joined-up way, and always in your best interests.
Do I have enough money to...?
We use cutting edge Voyant cash flow modelling technology to forecast with greater accuracy how much money you are likely to have and need at various stages in your life. If you have certain goals in mind, we can tell you when you are likely to be able to achieve them under your current arrangements, and how changes to those arrangements could produce different results. Where there’s a discrepancy between what you aspire to, and what you can afford, we will help you build a financial plan to bridge the gap.
How can I financially protect my children?
When you have been through a difficult life event, it can make you acutely aware of the financial impact that it can have on loved ones, and make you keen to spare your own family the same distress. While life isn’t always predictable, there are some simple things we can help you put in place to ensure those you care about are protected from the financial impact of you dying, being taken ill or unable to work.
Our clients come to us because they know we can help them become financially well organised and prosper. But that’s not the only reason they choose Woburn Street for their financial planning. There’s plenty that makes us stand out from the crowd! Come and find out why our clients join us and stay with us for the journey.