Divorces hit ten-year high as financial strains show: Dickon Ceadel quoted in ‘The Times’
Family Partner, Dickon Ceadel, has been quoted in ‘The Times’ on the rise in divorce applications as the increased cost of living puts marriages under further strain.
Dickon comments that ‘Soaring interest rates and high inflation will have put many families under enormous pressure’. However, for wealthier individuals, the currently economy may prove advantageous with business valuations falling. Dickon states ‘Some will be lucky enough to see a business worth £10 million valued at £5 million today’. He goes on to add that ‘falling house prices can also make periods of economic stress a good time for financially weaker parties to divorce – they might be able to take the house in the financial settlement at a reduced valuation.’
The full article can be read here (behind a paywall).
Forsters’ divorce statistics have also featured in The Times Money Mentor guide.
Contact the Family team here for further information.