How do you protect yourself financially during a separation?

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When you share your life with someone, you often share assets and bank accounts. Here's how to make the financial aspects of a break-up a little easier.

And if you have a mortgage or a home, find out how much it's worth, she adds.If you have a redraw facility on your mortgage, she says it's a good idea to speak to your bank andHopefully all this information will already be provided to you by your ex-partner. After all, it's an obligation under the law to financially disclose to one another."I knew [the break-up] was coming, so I had already prepared myself.

"Moving forward, you want privacy and access to your major accounts, so think about your passwords and do think about getting advice," she said.It really depends on your situation and the relationship you have with your partner.

 

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Don't waste time or money with mediators. They'll just take huge amounts of money and give nothing back. Something to do though during the relationship is to keep track of spending in the accounts if the other person generally handles money.

Do what you need to do to get through (or get out). Remember it’s a moment not the rest of your life. No one can take potential away from you and that is the key to future prosperity. success

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