Planning For Separation or Divorce
Starting over isn't easy, especially if you have to think about taking care of your family as well as yourself.
Going through a separation or divorce is a challenging time as you may find yourself suddenly disconnected from the life you once led.
And when you combine this feeling with the plethora of unexpected changes that inevitably follow a separation or divorce, navigating it successfully can begin to feel impossible without the right advice to guide you.
In our experience, those experiencing a separation or divorce are often worried about:
- Understanding the murky legal waters of their current situation
- Finding a new place to live
- How their separation or divorce will impact on their family and children
- The state of their personal financial world
- Becoming financially independent on a single income
- The implications on their financial goals and plan
With all of these thoughts swirling through your head, it can be easy to feel overwhelmed by the change and choices you’ll now have to navigate.
But you’re not alone.
According to statistics from the Australian Bureau of Statistics, the average Australian marriage lasts only 12 years and the most common age for those getting a divorce is 45.5 for males and 42.9 for females.
This means that most couples going through a separation or divorce are already likely established financially, which may make navigating the situation successfully more complicated than first expected.
With this in mind, it makes sense to seek the help of an experienced financial advisor to help you establish a path to a secure financial future.
When many think of separation or divorce, a lawyer may be the first logical port-of-call. But your relationship with your lawyer will only last a short while, while your relationship with your trusted financial advisor will last a lifetime, ensuring you’ll have ongoing expert financial guidance well into the future.
That’s where we come in.
At Veyron Wealth Group, one of our specialties is helping those going through a separation or divorce successfully navigate the financial implications of their situation and achieve financial independence and security.
We know that separation and divorce can disrupt your carefully-laid financial plans. So we help you get back on-track by working with you to define clear financial goals and design a plan that will ensure you’re able to achieve them.
With so much up in the air, it can be hard to know where to even begin planning for your future. We help by providing you with clarity and direction – no matter how unclear your situation is.
Your expert financial advice team is always in your corner, ensuring you can rest easy knowing that your financial world is taken care of.
After all, finding financial direction and achieving financial security is easy with your trusted financial advisor only a phone call away.
Ready to get started?
All you have to do is tell us how we can help.
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Common Financial Challenges
When thinking about the implications of your separation or divorce, it can be easy to become overwhelmed by the sheer amount of things that need to be done and decided on when it comes to your financial world.
After all, divorce and separation brings with it a series of unique financial challenges, which include:
- Creating a new budget that factors in the changes in your financial circumstances
- Understanding the tax and super implications of a divorce or separation
- Protecting your family and yourself if something were to happen to your income
- Making smart investment decisions that are right for your situation
- Defining financial goals that are tailored to your new financial situation
- Making the most of any sudden wealth resulting from your separation or divorce
- Navigating the expenses associated with children on a single income
There are many different aspects of your financial world that require attention during a separation or divorce.
With all of these worries weighing on your mind, it’s possible that you may overlook something that could potentially impact on your future financial security.
That’s why having a comprehensive financial plan for your divorce or separation, designed from the ground up around your new financial circumstances, is so important.
A financial plan can help you understand exactly where you are currently and how to bridge the gap between there and your short, medium and long-term goals.
To put it simply: a financial plan, when combined with expert financial advice tailored to you and your needs, ensures that you’re always on track to achieve financial security and independence.
Experiencing these challenges? We can help
We understand that going through a separation or divorce can be a confusing and challenging time in your life.
That’s why we aim to help by clarifying your financial world and working with you to create a path forward that will ensure you’re able to achieve financial security and independence.
