Divorce and Pensions
Navigating recent legislative changes. When couples divorce, the division of assets can become a complex matter, particularly where retirement savings are involved. For financial advisors, understanding how marital property regimes and legislation intersect is critical to supporting clients. Recent legal updates, effective from 1 September 2024, have aligned the definition of ‘pension interest’ across fund […]
AM I STILL LIABLE FOR MY SPOUSE’S DEBT AFTER DIVORCE?
A husband and wife buy a house together. Their marriage takes a tumble, along with their – finances, and they have to sell their home and are left with an outstanding mortgage bond. They subsequently got divorced. The couple is concerned about what will happen to the debts and who will be responsible for […]