
Pensions and Divorce
After the division of the marital home, Pension Funds are often the largest capital asset of the marriage.
A wife might expect that, when her husband retires, she will benefit from his pension. Or that, after his death, she may be entitled to a pension from his pension provider if applicable.
The courts have long had the power to take pensions into account in dividing up the matrimonial assets. For example, a husband may have a substantial pension, whereas a wife who has stopped work to look after his children may have a very limited pension provision as a result. Similarly if the wife has the larger pension, then the husband will need to pursue the matter through the courts.
Subsequently, the way pensions are treated and protected in divorce, is a question that has attracted increasing importance over the last decade. In addition to legal advice, it is therefore critical you seek properly qualified financial advice regarding your pension, and your options.
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Robert Bruce Associates can offer you specialist, helpful and clear advice, to help you make an informed choice. Our qualified advisors will ensure any decision is made only once you have all the facts in hand, and only as a result of establishing your personal wishes and criteria.
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