In this episode, Ben and Heather turned their attention to money, assets, debts and the importance of financial planning during and after divorce. They were joined by financial planner Brett Martin from Harbour Wealth Management. A certified financial planner for over 12 years, Brett has been helping clients on the Coffs Coast to manage their wealth since he became principal at Bridges Financial Services in Coffs Harbour in 2011. Recently Brett has moved from under the Bridges umbrella to establish his own practice, Harbour Wealth Management.
Brett's financial planning expertise combined well with Ben and Heather's specialist family law knowledge to answer these critical questions:
•How can couples avoid disagreements about money that may eventually lead to divorce or separation?
•How best to audit and value a shared asset pool?
•How to protect your credit rating through the separation process?
•How to stay within superannuation rules when splitting super after divorce?
•Are there advantages to keeping your super intact and using other assets to balance out property settlement?
•How to manage and divide a self managed superannuation fund through separation?
•What are the tax implication to be aware of when deciding how to divide the assets after separation?