Noon’s Eleanor Mills joins Sehjal Gupta, Private Client Tax partner, to discuss the financial realities of divorce, and how to better prepare for what can be a life-changing financial, legal and emotional milestone for women and men alike.
NOON’s Beyond the Break research found that many women in midlife are initiating divorce – in fact, 60% of divorces are now started by women. There is far less stigma attached to divorce than in the past; many women reaching their 50s are considering what they want their next 30-50 years, the ‘afternoon’ of their life, to look like.
But the research also revealed a worrying lack of financial awareness:
This leaves many women vulnerable at a time when informed decision making is critical.
Finances in divorce can be complex, especially where wealth is held in businesses, investments, property portfolios or multiple countries. Many women:
Women who did seek early financial advice in NOON’s research said it saved them money, stress and time.
Sehjal Gupta is BKL’s senior specialist in divorce and separation. When she went through her own divorce, “get your ducks in a row” was the first advice she was given, and now her number one recommendation to clients.
It means gathering key information at the outset:
Divorce becomes much easier – practically and emotionally – when a woman understands her starting position.
Divorce is not just a legal process: it includes financial and emotional journeys too. Based on research and experience, the ideal “divorce team” typically includes:
Different people need different types of support, so shopping around to find the right fit matters.
Many women are surprised by how emotionally complex divorce can be. Research shows:
This emotional journey runs alongside the legal and financial journeys, and the three often influence each other.
This is where specialist advice becomes essential. Sehjal Gupta and her specialist BKL team work extensively with:
Sehjal often acts as a Single Joint Expert, providing neutral financial and tax analysis to both sides.
BKL’s membership of DFK International means access to accountants and tax advisers in jurisdictions worldwide.
Different countries, and even different regions, can have very different divorce regimes. Where proceedings begin can determine:
London is often regarded as one of the most favourable jurisdictions for women, so understanding where to file (and how quickly) can be crucial.
Understand your financial landscape before anything begins: accounts, spending, assets, debts, pensions and documents.
Seek out professionals you trust: a lawyer, an accountant or tax adviser, a financial adviser and emotional support. The right team can save you time, money and stress.
Not every adviser fits every personality. Talk to several people and choose those who make you feel safe, empowered and informed.
We understand that separation or divorce can feel overwhelming at any stage of life, particularly in midlife, while also marking the start of a new chapter. Having the right support in place from the outset, with guidance tailored to your circumstances and grounded in real experience, can make a meaningful difference.
Sehjal works with both men and women navigating divorce, bringing extensive experience in the tax implications of separation, including complex international matters. Working closely with your wider advisory team, and always with empathy and discretion, we help you make informed, practical decisions and build greater financial clarity, so you can move forward with confidence.
For a chat about how we can help you to take charge of your financial future, and guide you through the moments that matter, get in touch with Sehjal Gupta or send us an enquiry.
