How to prepare for divorce in your 50s or 60s - Grey Divorces

How to be ready for a divorce when you are in your 50s or 60s or even 70s?
How to prepare for a late life divorce?

Rate of divorce in Australia, just like in most other developed courtiers, surprisingly dropped for younger ages, but almost doubled for people in the 50 - 70 age bracket. We call them "grey divorces”.

There is a correlation between the number of people getting married later in life and the number of divorces at later age. What that stipulates is the fact that people who are in pre-retirement age, or those already retired that now decide to divorce, just simply married too young, and to a degree now pay the consequences of those decisions.

There are certain things you can do even prior to making the final decision of divorce to see where you are at, should you proceed with divorce, and to have details ready for your legal and financial advisors:
1. Create a list of all assets
2. Create a list of all liabilities
3. Don not hold onto the family home
4. Pay attention to your cash flow
5. Look at net value of assets you are about to receive from your divorce.
6. Postpone supporting your adult children
7. Don't try to hide assets
8. Have support around you
9. Always use advice of good professionals that have your interest at heart.

To download the book 12 PRINCIPLES OF INVESTING:
https://ebook.aboutretirement.com.au/...

Contact details:
Katherine Isbrandt of About Retirement
Website: https://aboutretirement.com.au/
Email: [email protected]

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