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Starting over financially

06 March 2013

When divorce occurs, there are deep emotional, psychological and financial trauma suffered by wife, husband and children. It is true however that generally we, as women often suffer more financially speaking, as we give up work to raise children far more often than men do.  Therefore when divorce occurs; it is far more difficult for us to immediately replace the quality of life that we enjoyed with the kids and had grown accustomed to.

Starting over financially takes a bit of time, but if you take the right steps, it can provide you a clean slate for the next phase of your life.  A divorce settlement often means both parties receive a lump sum payment from the sale and division of assets. It is often a large amount of money and can be quite daunting. When it comes to money, it’s a good idea to step back from the emotion of a divorce and assess your finances, so you are prepared for the best.

For more information on how to assess your finances and start again after divorce please visit http://www.bt.com.au/prepare/divorce/

 

BT

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