Herald - Issue 396

v FOR GOOD ADVICE, ASK YOUR LOCAL SPECIALISTS v 8th October 2020 • The HERALD • Page 49 ASK A PROFESSIONAL Sanders Design S E R V I C E S L T D BUILDING PLANS AND DETAILED DRAWING SERVICE Complete professional service for extensions, conversions, new houses and commercial projects • Computer Aided Design Drawings • Free Initial Visit and Quotation 95 Cedar Road, Hythe, Southampton SO45 3PX Tel: 023 8020 7195 Email: info@sandersdesignservices.co.uk Web: www.sandersdesignservices.co.uk SILVER SPLITTERS – DIVORCING IN MIDDLE AGE by Michael Osman, Oyster Financial Planning The number of people divorcing has decreased in recent years. ere were 91,299 cases in 2018 compared to 102,007 in 2017. However, for those in later life, middle aged divorces have increased. Why is this? Some are suggesting that as lifestyles change and ‘ y’ is seen as the new ‘forty’ many see their life entering their prime and want a new direction or a new partner. Splitting from a spouse in mid-life can have many financial ramifications. Men were more likely to have sole responsibility for the household nances compared to 43% of women. Either way splitting the relationship can cause nancial strain and worry. During this pandemic couples will have seen values of their assets swing due to the stock market and this can affect valuations which in turn e ect settlements and these need to be accurately assessed to make sure they are fair. If you nd yourself in this position Hythe is blessed with a choice of excellent solicitors to help you with the legal side of things. e legal side of things is just one side, having nancial con dence to agree a settlement that you feel is fair and one that can con dently follow is a di erent matter and one that needs specialist advice and support. Our Aspire Lifestyle Financial Planning service is perfect for such people who reach a crossroads in their life. Working through a plan of ‘your new assets and income’ and the cost of your future desired lifestyle are hard to comprehend at face value. Oyster can clear the fog in your mind and remove the worry allowing you to take the new life path with con dence. If you would like to discuss these please do get in touch. Michael Osman