{"id":18051,"date":"2022-07-15T11:39:39","date_gmt":"2022-07-15T01:39:39","guid":{"rendered":"https:\/\/adviceco.com.au\/?p=18051"},"modified":"2023-05-04T09:40:41","modified_gmt":"2023-05-03T23:40:41","slug":"divorce-rates-have-increased-and-the-way-you-settle-your-finances-really-matters","status":"publish","type":"post","link":"https:\/\/adviceco.com.au\/divorce-rates-have-increased-and-the-way-you-settle-your-finances-really-matters\/","title":{"rendered":"Divorce rates have increased, and the way you settle your finances really matters"},"content":{"rendered":"\n

The 2021\u00a0Australian Bureau of Statistics<\/em>\u00a0census data recently released shows that 2.5 million Australians are now divorced; up from 2.2 million in 2016.<\/a> Of 5.55 million families, nearly 1.07 million are now single-parent families.<\/p>\n\n\n\n

Divorce is an extremely emotional event and a huge milestone in anyone\u2019s financial life. It is the emotional nature of a relationship breakdown that leads us to highly recommend seeking financial advice during the settlement, not just afterwards.<\/p>\n\n\n\n

Having a third-party removed from the emotional elements of the relationship will help to objectively state the asset division options available, remind of the rules and protections and advise a sustainable and amicable financial structure for shared assets and dependents.<\/p>\n\n\n\n

Here is what a financial advisor can do at this time:<\/p>\n\n\n\n