Tackling Divorce Finances: Expert Advice from Lottie Kent
It's really important people make that financial plan, because otherwise you might get to years down the line and think: oh, whoopsie, daisy, I've spent my pension pot and didn't plan for it, and now I'm living off state pension or whatever the case may be.
Money matters can be daunting, especially during a divorce. In this insightful episode of the Divorce Coaching Podcast, hosts Tom Nash and Fay Petcher sit down with Lottie Kent, a seasoned expert in divorce financial planning. Lottie, also known as @DivorceFinancialPlanner on Instagram, shares her wisdom on navigating the tricky financial landscape of divorce or separation. Tom and Fay kick things off by addressing the elephant in the room: financial anxiety.
Lottie dives right in, offering practical advice on how to take control of your finances, whether you’re pre-divorce, in the thick of it, or post-separation. She stresses the importance of understanding your financial needs versus what you’re entitled to, a crucial distinction that can shape your financial future. One of the standout moments is Lottie’s emphasis on creating a solid financial plan. For those who’ve never handled the family finances, this can be particularly overwhelming.
Lottie breaks it down into manageable steps, from full financial disclosure to considering all assets like pensions, investments, and property. Her advice on clean break settlements versus ongoing maintenance payments provides clarity for those unsure about which route to take. The conversation also touches on sensitive topics like the fear of judgment when seeking financial advice. Lottie reassures listeners that seeking help is a sign of strength, not weakness.
Her empathetic approach and practical tips make this episode a must-listen for anyone grappling with divorce-related financial issues. So, if you’re looking for expert guidance on managing your finances through a divorce, tune into this episode of the Divorce Coaching Podcast. Tom, Fay, and Lottie offer a wealth of knowledge that can help you navigate this challenging time with confidence.