The Impact of Divorce on Your Pension: A Significant Asset Consideration
When a marriage ends, dividing assets can be a complex and emotional process. One significant aspect often involves pensions, which can represent a large portion of the couple's total assets. In such cases, a court may issue a pension adjustment order (PAO) to redistribute pension benefits between the parties.
Divorce itself is a major life challenge, often accompanied by stress and complexity. Although recent changes have reduced the required separation period from four years to two before filing for divorce, the process remains intricate and time-consuming.