When we commit ourselves to marriage, we do so with the intent of spending the rest of our lives together but these days marriage doesn’t always mean what it used to. Divorce rates are higher than ever and during a time of such uncertainty and emotional turmoil, it’s important to seek council from an expert.
While some couples choose to enter into a mutually agreed ‘pre-nup’ before they get married, for everyone else the divorce process is often left to a series of negotiations. Of course, a lawyer can certainly help with these negotiations but if you choose to go down that path, you better be willing to pay for it. Lawyers can be very expensive so in most cases the best option is for couples to negotiate between themselves without involving a lawyer. This is known as an ‘amicable asset split agreement ‘.
When beginning this process, the first thing you should do is take an honest look at your assets, liabilities, insurances, incomes and any expenses that you hold independently or as a couple. Other factors that will weigh into these negotiations are things like the house, any other joint properties you own together and deciding who will get the Super.
An Independent Financial Advisor will help you determine your financial goals; after separation and beyond. They will work with you to navigate this process, ensuring the outcome is fair and that you are happy with the result. During these times of immense stress and pressure, it’s quite common for people to make snap judgments that can result in poor decisions, leaving you even more stressed.
The professional team at D+M Financials can offer you sound advice during your divorce and give you the support and help you need. Contact us today for more information.