How do I save on divorce? Helen Baker and Shannon Daykin
Fri 10:00am 10 Aug 2018Podcast Audio
Helen's book, On You Own Two Feet, talks about how to avoid making a financial mistake when going through a divorce. People caught in this costly process can save on legal costs by getting on top of what their assets, liabilities and other financial resources are. Make sure you get your hands on relevant information, and get advice as soon as possible. This just doesn't go with financial and legal matters—Helen and Shannon agree that people should go after emotional advice as well, knowing that divorce will get emotionally exhausting. Equipping oneself with the right financial, legal, and emotional backing can help figure out what next steps should be taken, lessening the risk of making a mistake.
The sure-fire way to save on divorce is to avoid it completely—sitting down with your lawyer and financial planner to draw up an agreement that works for your situation in particular. Divorce is not the only option for people who want to move on, there are collaborative law processes and mediations, among many others.
If getting married can get costly with wedding preparations and family planning, you can't expect divorce to come cheap. What you can do is make the best moves to make sure you get to a settlement that works for your particular circumstance. Start a conversation now with the perfect tag team of your financial planner and family law specialist. You can reach Shannon Daykin on her website www.daykinfamilylaw.com.au and Helen Baker on her website at www.onyourowntwofeet.com.au
DISCLAIMER: The discussion presented in this video and its accompanying media are shared for general information purposes only. Going through a divorce can be a sensitive process and it will require you to talk to your lawyer and financial planner about your particular issue. Again, check out Shannon Daykin's website at www.daykinfamilylaw.com.au and Helen Baker's website at www.onyourowntwofeet.com.au and start a conversation with your expert team today.
Meet our resident experts
Robert King
Accountant
Robert is a fully qualified Chartered Accountant, Registered Tax Agent & Xero Guru. He spends his time helping clients through all stages of the business cycle from setting up a business through to its eventual sale.
Laura Sillano
Mortgage Lending
Laura is a Residential Mortgage Broker with over 11 years experience. She is passionate about educating her clients about their options, and provides mortgage lending advice that is grounded by life experience.
Helen Baker
Financial Planning
Helen Baker, founder of On Your Own Two Feet, is an experienced financial adviser and firmly believes in the benefits of having a strong team of professionals to underpin your financial foundations.
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