Couples planning a divorce should make a list of their combined assets and try to agree on an amicable split, an independent financial adviser (IFA) said today.
Graeme Mitchell, managing director of Lowland Financial, explained that in law, money is theoretically split equally between the two parties.
He added that if there are children involved, then "whoever’s earning" should contribute fiscally towards their upbringing.
Mr Mitchell concluded his advice on divorce in Scotland by stating that if a couple cannot agree on figures then it is a matter of dividing everything.
"It’s a matter of saying: ‘Right, we’ll just draw a line around the middle. We’ll split the pension, split the house – which has to be sold’," he stated.
According to the latest government figures, the divorce rate is now at its lowest level since 1984.
Lowland Financial is a general practice IFA based in Galashiels which is regulated by the Financial services Authority.