Welcome to The Local Financial Planner. We sit under the roof of The Local Financial Group.
We are here to help you create the future that we all dream of. We specialise in wealth creation,
insurances, budgeting and financial freedom. Get one of our fabulous planners to assist you in
staying ahead of the financial game by bringing out the best possible you.

Separation & Divorce

There is no question that a relationship breakdown is a significant life event.

Divorce

Many things change at this point – both financial AND non financial.

It is a very stressful time and can be particularly so if finances are not well taken care of. If you own assets together or there has been an accumulation of assets during the relationship then you will need BOTH legal AND financial advice. The financial advice can be used to help with dealing with any asset/liability split in the most appropriate way, as well as help you “get started again”.

We can work with you now to ensure your financial future is as stress free as possible.

Many people feel that a relationship breakdown is going to cost them the opportunity to get ahead because they now have to fund everything from one income.  This is not necessarily true!  It is amazing what you can achieve with a little advice.

In the midst of all the emotional turmoil caused by separation and divorce, there are also financial issues to contend with. At such a time of monumental change, how do you take control of your finances and get organised so you are appropriately protected?

Some questions you may wish to consider include:

  • How do I start to become financially independent?
  • What government benefits am I entitled to?
  • Am I eligible to a part of my ex-partner’s super?
  • I have children and I’m the primary breadwinner. What are my financial commitments?
  • Will I need to get my own life insurance?
  • Do I need to change my Will?
  • What should I do with my divorce settlement?
  • Where can I go to get more help?

If you are in the process of divorce it’s wise to reassess your financial situation and goals. We can help you:

  • Review your financial situation after your divorce settlement.
  • Help you set new financial goals.
  • Identify your income and financial commitments.
  • Develop a new budget and plan to achieve your new goals.
  • Review, recommend and organise appropriate insurance for you and any dependent’s.
  • Review your superannuation and retirement savings.
  • Recommend ‘catch up’ strategies for retirement savings if you need it.
  • Review your finances to see if you are entitled to any social security benefits.
  • Recommend if you need to meet with a solicitor to create or update a Will