How will marriage & divorces affect your money and taxes? | Do More With Your Money 181
Marriage and divorce are important financial life events that many people will have to deal with. In our latest episode our expert panel provide fascinating insights on how your Will, taxes and Pension need to be handled when a significant change occurs. 0:00 Financial planning for marriage or divorce3:30 Divorce arrangements around your Pension4:30 How your marriage affects your Will7:46 Marriage and inheritance tax8:37 Marriage is a key financial planning technique9:58 What happens if Pensions are split by divorce?11:04 The link between property prices and divorces12:33 The surprising fact about a wife's income tax 15:39 Prenuptial agreements to protect your assets17:16 How divorce changes your financial circumstances18:32 A big change for tax on divorce20:05 Updating your Will when you divorce21:52 Protecting your assets and investments during a divorce23:00 Speak to a financial adviser whenever circumstances change through life