On the Money and Investing Show this week, host, Andrew Baxter is joined by family law expert Emma Ludeke.
We address the difficult situation many people face in the course of their lifetime: Divorce and family law. We delve into practical advice to navigate such challenging situations.
We begin by discussing the significance of seeking expert legal advice. Speaking with a lawyer early in the process can help you understand your rights and plan your next steps effectively.
Next, we explain the benefits of amicably resolving as much as possible with your partner. Doing so can save significant legal fees and emotional stress.
We discuss the distinction between divorce and separation. A divorce is a legal document, whereas separation is a mutual acknowledgment that marks the beginning of resolving financial and parenting matters.
Additionally, we address common myths surrounding the timing and procedures of financial settlements, the role of pre-nups, and the impact of family trusts and superannuation in divorce proceedings.
Lastly, we stress the emotional challenges of divorce and how a supportive team can significantly help make rational decisions during this stressful time.
For more information you can go to MONEY & INVESTING WITH ANDREW BAXTER | Money Investment Podcast (moneyandinvesting.com.au) and The Wealth Playbook: Your Ultimate Guide to Financial Security: https://www.wealthplaybook.com.au/, or, The Wealth Playbook on Audible: https://www.audible.com.au/pd/The-Wealth-Playbook-Audiobook/B0CXYYWZTB?qid=1711282387
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