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The divorce ring phenomenon, pioneered by celebrities such as Emily Ratajkowski and Rachel Zoe, is growing in popularity.
It makes sense. We have rings to celebrate marriages, promises, graduations and anniversaries, so why shouldn’t we also mark a divorce with jewellery?
There is an increasing sentiment that a divorce is no longer a sign of failure, but a moment to move towards a new chapter of life instead.
With around 42 per cent of UK marriages ending in divorce, it is understandable that people are beginning to celebrate divorce as a milestone of personal growth rather than something to be ashamed of.
While the ring might provide the symbol, you must first take the steps to reach a clean settlement you are willing to show off.
Real closure should be something to celebrate, but what does this look like?
Before you buy that ring, consider the four factors below to make sure you are in the best position to move on and enter your new era of post-divorce life.
Reaching a fair financial settlement after a divorce is crucial to help you move forward with clarity and long-term security.
This does not necessarily involve a 50/50 split of assets, as the goal of a fair settlement is to ensure that both individuals and children maintain a reasonable standard of living post-divorce.
A well-negotiated settlement can reduce the likelihood of future disputes between former spouses, so you can focus on rebuilding your life rather than remaining tied to your ex.
Speaking with a solicitor can help you achieve the fair, legally-sound settlement you deserve.
Reviewing your Will and nominations is important to make sure you are happy with who inherits what, and who you’d want making decisions on your behalf.
As your Will is automatically revoked when you enter a marriage or civil partnership, it might be invalid or not reflective of your current situation.
The last thing you’d want is to unintentionally leave your ex with parts of your estate, so speak to a solicitor to get this fixed.
If there is a dispute about the living arrangements or how much time a child should spend with each parent, a solicitor can help make a fragile understanding become legally binding.
What seemed like an initially friendly agreement can spiral if holidays are being booked over weekends supposed to be spent with one parent, or if another wants to relocate for a job.
Speaking to a solicitor can put in place concrete arrangements for your children, turning goodwill into a plan that won’t fall apart under a change of circumstances.
The chances are your lasting power of attorney still has your ex listed as the person who’d manage your medical care and finances if you weren’t able to.
Through sickness and health during marriage, but sickness and health after the divorce…perhaps not.
It is a slightly unromantic thought that they might still be able to make these life-and-death decisions on your behalf, so contact a solicitor to reverse this.
A solicitor can cancel the old document and create a new one that nominates the people you choose today to handle important future decisions.
The divorce ring trend is a nice way to symbolise the end of one chapter and the confident embrace of another.
However, a ring is only symbolic, and it needs to be backed up by a sealed settlement that puts your future back in your hands.
We understand this is rarely the most enjoyable part of gaining your independence, but that isn’t to say it’s not the most important.
You need to do the boring bit before the fun bit – only then should you be showing off…
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