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Financial Agreements

financial divorce advice

Financial Divorce Advice

Divorce normally means that you will be making a number of life-changing decisions. After a divorce, both spouses will most likely find themselves with less money than what they enjoyed before as a couple. This makes the divorce process a difficult transition and will require a reassessment of current lifestyle choices, adjustment to the new …

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16% of Married Couples Are Having “Financial Affairs”

Do you keep financial secrets from your significant other? A survey by the credit tracking company Experian states that 1 in 6 newlywed couples keep financial secrets from each other. Financial secrets include hidden bank accounts, excessive spending habits or lying about debt. Family law experts state that this so-called ‘financial infidelity’ can hurt a couple’s relationship …

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Transferring Property To Reduce The Asset Pool

After separation, a party may attempt to reduce the asset pool before they are going to divide the matrimonial property. They may do this by transferring it out of their name in order to ‘protect’ them from the property settlement. Disposal of property can occur by way of sale, transfer, assignment or gift. This is …

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You Don’t Need to be Rich or Famous to Get a Prenup

We’ve all heard of the multi-million dollar Hollywood Prenups. But you don’t need to be Brad Pitt or Angelina Jolie to get one. Regular Aussie couples can get them too. In Australia, we call them Binding Financial Agreements (BFA). They can protect a range of assets including property, money, shares, superannuation and even pets. Most people …

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