Case Study 6 - The Wealthy Divorcees
- Mr & Mrs B were aged 48 and 52, in good health, with two teenage children. Mr B ran a successful business from land and buildings owned by one of his pension schemes. Substantial asset base.
- How to provide an adequate split of the assets which enabled Mr B to continue to run his business and Mrs B received a fair settlement.
- How to factor in the Irish pension which was not subject to UK law.
What We Did
- Advised share needed to be 54%:46% in Mrs B’s favour rising to 58%:42% ignoring the Irish pension.
- We advised that Mrs B needed to resign as a trustee from the pension plan to ensure Mr B had full control of his pension assets.
- A sharing order for 100% of Mrs B’s pension was drawn up in favour of Mr B.
- Mr B retained land and buildings within his pension and retained his business.
- Mrs B took the bulk of the other assets.
What Our Clients Say...
He was completely professional throughout the process...“I was introduced to Phil O’Connor, by my solicitor and at first I was a little cautious about dealing with a Financial Adviser having heard lots of horror stories!However, Mr O’Connor dealt with my case with a great deal of understanding and sensitivity.
He was completely professional throughout the process, keeping me informed every step of the way. I found him very re-assuring and have no hesitation in recommending him to anyone seeking assistance in getting a pension sharing order implemented or any other financial matter.”
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