Sound financial advice can be crucial for couples remarrying and looking to update their life cover, particularly if there are dependent children involved. Georgina Kenyon investigates
When couples remarry, both people need to think about financial issues in the broadest possible sense; and this means more than just considering houses and assets. According to the most recent figures from the Office for National Statistics, there were 270,700 remarriages in 2004. Advisers need to understand the complications and often very different needs and wants of a couple that are getting remarried. In the period after divorce and before remarriage, it is often the adviser's role to help the couple make sound financial decisions. One key issue is what protection people need when th...
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