Divorce can be traumatic but you need to get your finances in order
1. The biggest assets to divide are the home and superannuation. The Family Court website, federalcircuitcourt.gov.au can help couples split super through a formal written agreement, consent order or if an arrangement cannot be made, through a court order. 2. It’s important to know where documents relating to home loans, bank accounts, superannuation and insurance are located. 3. Seek help from a professional, such as an accountant or financial planner. 4. Treat it as an opportunity to start afresh. Look at potentially selling the family home and putting the proceeds into superannuation as a vehicle for income.