In some cases your estranged partner may have been the person that controlled the personal banking side of things so dealing with these practicalities can be an extra headache you don’t need.
The main monetary concerns during divorce are undoubtedly the house, maintenance, and pensions; however, the most immediate issue to overcome is day-to-day finance. Maintaining joint accounts that pay the bills and establishing your own current account to ringfence your living expenses are important issues to address within days and weeks of the separation. Failure to get this part right can result in unpaid bills, debt, and credit problems which can have a knock on effect later in proceedings if, for example, a mortgage is needed to remain in the family home.
We have helped with the finances in many cases where it is completely amicable and both parties want to cooperate to ensure bills are paid fairly during the break-up. We have also seen difficult situations where one party empties all of the accounts and disappears leaving short-term devastation.
Whatever the situation Scott is able to use his 15+ years banking experience to help to navigate to a secure resolution.