Divorce and money calculator
This calculator provides an idea of a financial situation before a potential divorce settlement. It also helps work out what a client has, what they owe and how they might split assets and finances.
Complex Families, Complex Finances
The Complex Families, Complex Finances segment account for a third of those over 60 and is up from a quarter compared to a decade ago. Their wealth and comfort is challenged by financial implications of complex families, demands on their finances like divorce, caring for elderly relatives and second marriages
As families become more complex and multigenerational a "squeezed middle" of unpaid carers are having their time prioritized by providing care. Unpair caring responsibility are still very much shouldered y those aged between 50-70. It's estimated that one in five are involved in unpaid care-giving outside of their household.
The average cost associated with divorce legal fees and lifestyle changes is £15k (Money Advice Service, 2020). Increasing divorce rates over 40s have caused massive increase in single person households among this age group (ONS, 2016). Such households spent at least 5% more of their disposable income on bills and basics and 12% more if they are renting or still have a mortgage.
These online tools are free to use and designed to enhance client engagement
This calculator provides an idea of a financial situation before a potential divorce settlement. It also helps work out what a client has, what they owe and how they might split assets and finances.
A useful tool t help find out your clients average life expectancy, so that you can help plan their future and retirement option.
This online tool looks at your income and outgoings to help your clients understand and manage their budget.