Disclaimer: Any information provided in this discussion is only general in nature. For advice that relates to you personally, please seek the advice of a qualified and trained professional.
During the process of a divorce, there are some important things that must be settled before finally parting ways, and child support is one of them.
Based on their experience, Helen and Shannon usually see both parties settle properties, parenting, and child support simultaneously to get through the divorce process faster. The process may go in a linear manner with both parties sitting down with their lawyers to come up with a legally binding agreement on how much of their income should go into child support.
The financial adviser would then present a calculation based on a number of factors with the best interests of the child or the children at heart.
As the emotional stress of divorce sets in, some people tend to let pride take over and decide to cover child support entirely – a practice Helen strongly discourages.
Divorce forces people into a time of transition where they need to make drastic changes about their lives, and that includes thinking about their own financial future. According to Helen and Shannon, the most cost-efficient way of getting through the matter of child support is to sit down and talk about what each party can contribute so that divorce can be as soft of a blow as possible. During this time, getting expert and specialist advice is what each party needs and so the important things are taken care of.
If you’re going through the process of divorce, make the transition as smooth as you can by calling the experts in this field. Get the right advice from an experienced financial planner by contacting Helen Baker today.
Any advice or information on this site is of a general nature only and has not taken into account your personal objectives, financial situation and needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your personal objectives, financial situation, and needs. Helen Baker is an Authorised Representative (ARN 336378) of BPW Partners Pty Ltd ABN 56 629 898 693, AFSL number 548 754, an Australian Financial Services Licensee, with offices at Level 4, 127 Creek Street, Brisbane QLD 4000.