An unfortunate statistic around today is that every third marriage ends in divorce. In the middle of this emotional turmoil caused by separation and divorce, there are a number of financial decisions that need to be made.

It is also unfortunate that a large number of divorces also involve dependant children and the question is always asked “how do I now get control of my finances?”

Here are a few things you may wish to consider:

  • How do I start to become financially independent?
  • What government payments am I now eligible for?
  • Am I eligible to part of my ex-partners superannuation?
  • What are my financial obligations to my ex-partner and children?
  • Do my insurance policies still reflect my current financial situation?
  • Do I need to change my will and estate planning arrangements?

How we can help anyone going through a divorce:

  • Review your financial situation once your divorce settlement is finalized.
  • Help you set new goals for the future.
  • Help identify your financial commitments to your ex-partner?
  • Review and recommend appropriate insurance cover to reflect your changed situation.
  • Review your superannuation and retirement savings and recommend a strategy to put you on the path to financial independence in retirement. 
  • Identify the need to speak to a solicitor and update your estate planning arrangements.

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Our Financial Planning Hub Calculators & Forms

Caution: These calculators are provided by the Financial Planning Hub and are not provided, approved or endorsed by AMP Financial Planning. Using these calculators may provide a useful starting point. However, they are guides only and do not constitute expert, licensed financial advice. Calculators should not be used as the basis for any financial or investment decision. You can build a full understanding of your financial position by working with a qualified financial planner to develop a plan based on your personal situation. Contact us for advice tailored to your goals and needs.

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