Jarrovian Wealth has linked up with a group of specialists to offer advice and support to those going through the trauma of separation or divorce.
The Divorce Support Team has some of the UK’s leading professionals to help to separate spouses prepare themselves for divorce and their life afterward by providing legal and financial advice, divorce coaching, and mediation services.
The group was launched at The Divorce Fair 2022 which was staged in London in February. Frankie Smith, Strategic Financial Planner in Jarrovian Wealth’s Private Office, joined a Divorce Support Team panel at the Fair. Other panel members included Melissa Doherty and Geeta Patel from Mackrell Solicitors, barrister Maria Scotland, divorce coach Tom Nash and Austin Chessell, founder of London’s Family Mediation Centre.
Jarrovian’s role in the Divorce Support Team is to provide financial advice and guidance alongside other top professionals who between them can help people through all the difficult, challenging and often very traumatic aspects of separation and divorce.
Frankie Smith, Strategic Financial Planner in Jarrovian Wealth’s Private Office
“From a Financial Planning perspective, there are three key areas to consider as you navigate the divorce process. Firstly, it’s vital to take stock of your holistic financial circumstances. At Jarrovian, we utilise a cashflow forecasting tool that enables us to examine your overall financial position and gain an understanding of the overall family balance sheet including assets, liabilities, investments, pensions, and protection policies. By starting at this point we are then able to work with your lawyers, mediators, arbitrators, and coaches in helping you to reach an agreement as to how the assets that you have accumulated are to be split between you.
“Secondly, you need to consider protection. Once you have agreed and finalised the divorce, it is important to consider what would happen should the unforeseen occur. For example, what would happen if you’re unable to work and cannot meet your child maintenance payments? Jarrovian can assist you in putting measures in place to help to protect you from these kinds of issues.”
“Thirdly, Estate Planning is essential. Once a divorce is finalised, your will and estate plan become void, and therefore it is important to ensure that you update your plan to reflect your new circumstances. Jarrovian can assist you in this process through our in-house team or by working alongside your preferred solicitors, to put a legally binding and effective plan in place which meets your bespoke requirements.”
Need to know more? If you have a question, would like more information, or are seeking financial planning or Wealth Management advice please contact hello@jarrovian.co.uk
Frankie SmithFinancial Planner, Private Office
