Getting Divorced
Divorce is one of life’s curveballs that hits you emotionally and financially. At this difficult time, Lucent are here to help you navigate the emotional and financial challenges.
How We Help People Who Are Getting Divorced
You’re already dealing with the upheaval of divorce, but on top of that, you’ve got the fun task of figuring out how to split assets, cover your new living expenses, and plan for a future you probably didn’t anticipate. It’s rough, but you don’t have to navigate this financial minefield alone.
At Lucent, we’re here to help you rebuild, plan, and get your financial life back on track—because the last thing you need is money stress on top of everything else.
Why Divorce Packsa Financial Punch
Divorce isn’t just a break-up—it’s a complete financial shake-up. Suddenly, the life (and finances) you shared are split in two. What once seemed stable now feels like a house of cards.
If you were financially dependent on your ex, it’s even more challenging. Suddenly, you’re looking at lifestyle changes you never imagined. Here’s what you’re probably dealing with:
Assets
You’ve got assets—maybe it’s the family home, savings, pensions, or investments—that now need to be divided. That’s tough!
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Living Costs
Well, get ready to start paying double. Rent, mortgage, bills—it all piles up when you’re setting up two separate lives.
Legal Fees
Let’s not forget the legal fees: solicitors don’t come cheap, and those costs can rack up quickly.
The Financial Fallout from Divorce
Divorce can feel like being hit by a financial truck. You’re splitting everything in half, and what you’re left with might not feel like enough. It’s a total reset, and without a solid plan, it’s easy to end up floundering.
Your assets might have taken a hit—so what now? You need to reassess your finances and get real about what’s left. There’s also the drain of legal fees and the extra expenses that come with setting up a new home. And if you were used to a shared income, adjusting to a single income (or no income if you were financially dependent) can be a shock to the system.
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How to Avoid the Financial Pitfalls Post-Divorce
You’ve been through the ringer, but now’s the time to start making smart moves. Here’s what you should focus on:
1. Take a Deep Breath and Reassess
Where are you now, financially? What do you actually have left?
2. It’s Time to Take Stock
Look at your assets, income, and debts. You’ll need to make sure your Will is up to date, pensions are in check, and any joint debts or assets are dealt with.
3. Then, Don’t Rush!
Got a settlement? Don’t blow it on a shiny new car or a luxury holiday—tempting as it may be. Instead, think long-term. A smart investment now could set you up for financial stability down the road.
Sit down with a financial planner and map out a realistic budget that fits your new life. We’re talking real numbers—how much you’re bringing in, how much is going out, and how much you’ll need to maintain some sense of financial security.
The Emotional Spending Trap
Divorce can make you feel like you’ve lost control—and one of the easiest ways people try to take it back is by spending. Sure, splurging on something shiny might feel like a quick fix, but emotionally charged spending is a dangerous game.
You’ve been through a lot, so it’s easy to fall into the trap of treating yourself to a new home or jetting off on an expensive holiday to ‘start fresh.’ But that spending high is short-lived, and the financial fallout from impulsive decisions can hang around much longer. It’s natural to want to celebrate your independence, but if you’re not careful, you could burn through your savings or settlement quicker than you think.
Dealing With FinancialAnxiety Post-Divorce
Getting divorced can turn your world upside down.
And once you've gone through the process here's what you might be struggling with:
Coping By Yourself
Even the most financially savvy people can feel anxiety creeping in after a divorce. If you were dependent on your partner, you might be wondering how you’re going to support yourself going forward. The unknown is scary, and financial insecurity only adds to the stress.
Making Rash Decisions
The emotional turmoil of divorce doesn’t exactly help you make the best financial decisions either. When your head’s a mess, you’re more likely to rush into choices that aren’t great for your long-term future. That’s why having a plan—and sticking to it—is crucial.
Don’t Let the Settlement Slip Away—Take Control
So how do you avoid letting your finances spiral post-divorce? It starts with taking a step back and getting clear on your priorities:
1. First, Slow Down
Divorce is a huge emotional hit, and it’s okay to take time to process things. Don’t rush into big financial decisions just because you feel like you need to do something. Let things settle a bit before making any major moves.
2. Next, Let’s Talk Budget
Your life has changed, so your budget needs to reflect that. Start from scratch and build something that fits your new income and lifestyle. Factor in all the new expenses—housing, utilities, alimony (if that’s part of your deal)—and get real about what you can afford.
And this is where Lucent comes in. We know the financial side of divorce can be overwhelming, but we’re here to help you get it right. A financial planner will help you make sense of your settlement, guide you on how to invest, and make sure you’re setting yourself up for future stability.
Why Lucent’s Financial Planning Matters During a Divorce
Divorce is a big deal—it shakes up every part of your life. At Lucent, we don’t just help you sort through the financial mess; we help you rebuild for the future. Here’s how we’ve got your back:
Here’s why clients choose us to protect your financial security and help you move forward.
Dividing Assets
We’ll walk you through dividing assets and make sure your financial settlement is structured in a way that sets you up for long-term success.
Budget Setting
Need help adjusting to your new budget? We’ll help you create a plan that fits your new life and sets clear, achievable goals to get your financial security back on track.
Divorce Settlement
When it comes to your settlement, we’ll provide no-nonsense advice on how to invest it wisely, balancing your immediate needs with long-term growth.
Getting divorced? Don’t let your financial affairs take a hit.
Contact Lucent today for expert advice on managing your wealth post-divorce and building a secure financial future.
- Will you have investible assets of at least £500k post-divorce settlement?
- Do you need financial planning support to restructure your wealth after a divorce?
- Are you looking for advice on dividing assets and planning for your financial independence?
- Do you want to ensure your future financial stability after the divorce?
If you answer yes to the above, get in touch.
FAQs
Slow down, take stock, and talk to a financial adviser. Investing wisely will help secure your future and avoid the temptation of emotional spending.
We’ll work with you to reassess your finances, update your budget, and create a plan that works for your new reality. Plus, we’ll help you invest smartly and plan for the future.
Absolutely. It’s important to update your Will to reflect your new situation and make sure your assets go where you want them to.
Still have questions?
If you've got a question we haven't answered, we'd love to hear from you.