๐ง๐ต๐ฒ ๐ฏ๐ถ๐ด๐ด๐ฒ๐๐ ๐ฏ๐ฎ๐ฟ๐ฟ๐ถ๐ฒ๐ฟ ๐๐ผ ๐๐๐ฎ๐๐ถ๐ป๐ด ๐ถ๐ป ๐ฎ๐ป ๐๐ป๐ต๐ฎ๐ฝ๐ฝ๐ ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐ผ๐ป๐๐ต๐ถ๐ฝ ๐ถ๐ ๐บ๐ผ๐ป๐ฒ๐.
Once the decision has been made to separate, what happens next?
1. Consult a family lawyer
2. Rewrite your future, work out how you want your life to look after the split
๐ง๐ต๐ฎ๐'๐ ๐๐ต๐ฒ๐ฟ๐ฒ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฎ๐ฑ๐๐ถ๐ฐ๐ฒ ๐ฐ๐ผ๐บ๐ฒ๐ ๐ถ๐ป.
A qualified Financial Planner help you during divorce to work out:
โ๏ธ What a solo budget looks like
โ๏ธ What housing you can afford (and if you can keep the family home)
โ๏ธ If there are funding gaps
โ๏ธ Sort out a backup plan (yes this may mean insurance)
โ๏ธ What your FIF (Financial Independence Figure is)
โ๏ธ Help you re-write your future
โ๏ธLook further into the future to your retirement funding
โ The last thing we want is to see you retain the house only to find out a year or two later you cannot afford it.
๐ช๐ต๐ฒ๐ป ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐๐ต๐ฒ ๐ฟ๐ถ๐ด๐ต๐ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป, ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐บ๐ฎ๐ธ๐ฒ ๐๐ผ๐๐ด๐ต ๐ฑ๐ฒ๐ฐ๐ถ๐๐ถ๐ผ๐ป๐.
What you need to know
This information is provided by Lush Wealth Financial Advisors Sydney.
Our Financial Advice Program is focused on providing specialised advice for Australian women. We are a team of dedicated financial advice professionals led by Certified Financial Planner Christine Lusher.
The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Join the club of ladies who have their finances sorted.
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