Divorce is an unpleasant topic and one most people avoid discussing. However it is a reality for many people and one that could leave you reeling financially if you’re not prepared. If you’re in the midst of a marriage breakdown understanding your financial position is vital but not widely understood.
To delve into this tricky subject I spoke to Cathryn Gross, who is a member of ASIC’s Financial Advisers Consultative Committee and the founder of Twelve Wealth, a boutique financial advice business committed to helping women achieve their goals in life.
Cathryn shares what you need to understand about your joint finances before getting married and the steps to take to prepare yourself financially in the event of a divorce.