Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Economic recovery could lead to higher divorce rates in Scottish marriages

Post Thumbnail

An accountancy firm has predicted that recovering Scottish economy could lead to a higher divorce rate north of the border.

BDO said the forecast increase in the number of couple breaking up could be because they are feeling more financially able to separate due to a more stable economic climate.

Judith Scott, director of forensic accounting with BDO, said: “Divorce is never easy and often individuals will not think about the detailed financial implications of separation until it is too late, and they end up resolving their marital issues through negotiation, mediation, collaborative family law or litigation.

“Whilst it may appear from the outset that they can afford a divorce, when their assets are analysed they may not be in as financially strong a position as they thought.

“However, there are many ways for individuals to both pre-empt financial loss before divorce but also to secure themselves against financial loss in the event of a divorce.

“Given that the latest Scottish statistics reveal that two-thirds of Scots getting divorced from 2012 to 2013 had been married for 10 years or more, and, perhaps more surprisingly, one third had been married for more than 20 years, it is clear that substantial assets may have been built up.

“It is important to realise that, while this can sound harsh, arranging financial priorities is vital in the increasingly complex family relationships which exist.

“There may be children from an earlier relationship, aged parents who need to have nursing home fees paid, or financially troubled businesses which need support.

“The reasons for planning financial arrangements before, during and after a marriage are many and varied and it is important that individuals get the appropriate advice to cope with this changing world.”

Already a subscriber? Sign in