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SUCCESS STORY

Divorce finances, you don’t have to do it alone
by Mia Taylor | 19 February 2018

What were their challenges?

Recently separated and realising she knew very little about her financial situation as her ex-husband was both the breadwinner and in charge of the finances, Rose needed our help. Working out both her current position to expedite the divorce and to help with making her own path forward.

What did they overcome?

She was stressed, emotional, and frustrated that she had ignored her joint financial position for so long. By engaging with us she was able to feel more in control and supported in her own decisions during such a difficult time.

How did I help?

Divorce is difficult in so many ways so the approach to financial advice is different and is completed in small steps. We helped Rose establish her current joint position and worked together with her solicitor to ensure she had a fair settlement.

Once the Settlement had occurred, we wound up her joint SMSF and opened a new simple fund for her to manage ongoing for herself. We set up a budget based on her new financial position and once she has adjusted to reentering the workforce and her new living costs we will be working on how she can use her settlement proceeds to purchase her own property.

What did they learn that I can share?

Asking for help can be hard, but when times are tough knowing someone is on your side and helping you get back on top is the best investment you can make.

HOW WE HELPED IN PARTICULAR

Educated Rose about her joint finances
Coordinated with the solicitor to ensure a fair settlement
Created a new superannuation fund
Implemented a new budget for Rose
Devised a strategy to purchase a home with the funds from the settlement

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Evalesco Financial Services Level 17, 20 Bond Street Sydney NSW 2000
Phone: (02) 9232 6800

Evalesco Financial Services Pty Ltd is a Corporate Authorised Representative (325313) of Australian Advice Network Pty Ltd.

ABN: 13 602 917 297 AFSL: 472901