Facing the Challenges of Separation? Discover Simple Separation Advice

By Belinda Eldridge, Managing Director, Div-ide

Belinda Eldridge, Managing Director at Div-ide

Separation is challenging, both emotionally and financially. What was once a shared journey can suddenly become a maze of complexities. However, achieving a simple separation is possible with the right guidance. At Div-ide, we specialize in turning the intricate process of financial separation into a more straightforward experience. Our commitment is to ensure that your simple separation journey is as painless and cost-effective as possible.

How Do I Achieve a Simple Financial Separation?

Every couple’s path is unique, but the foundational steps towards a simple separation are often alike. Knowing where to start can significantly reduce the stress and uncertainty that many separating couples face. Here are some pivotal steps to guide you:

1. Choosing the Right Expert: One common misconception about divorce and financial separation in Australia is the need for a lawyer. While legal advice is crucial in some cases, chartered accountants often play a pivotal role in the financial and administrative aspects of simple separation. At Div-ide, we simplify the process, helping you understand both your current and future financial positions, ensuring you don’t spend unnecessarily on legal fees.
2. Collaborative Approach for Best Outcomes: It might seem counterintuitive, but achieving the best results often requires collaboration. Our team guides you through every step, ensuring both parties reach a consensus on assets, liabilities, future needs, the impact of children, and the division of assets and liabilities. Learn more in the financial separation section of our website.
3. Preparation is Key: The more prepared you are, the smoother the process. Along with personal identification, you’ll need details of assets, liabilities, shared businesses, superannuation, and tax information. To assist you, we’ve created a Separation Checklist available for download.
4. Understanding the Financial Separation Process: At Div-ide, we’ve streamlined financial separation into four key steps:
   1. • Engage and collect data.
      • Define and agree on the separation of finances and assets.
      • Document and lodge.
      • Approve and complete.

   Dive deeper into Div-ide’s four-step process here.

5. Take the First Step: Separation is emotionally taxing and can strain your finances. But with Div-ide by your side, you’re not alone. We offer expertise, empathy, and understanding. Contact us now to start your journey towards a simple separation.

Posted by