It’s divorce season. This is what to do about money
The end of summer holidays and return to work is a peak period for couples to reassess their marriage. Here are 10 financial and tax issues to keep in mind.
Inquiries about divorce have jumped by 80 per cent since last December as quarrelling spouses return from summer holidays and consider calling it quits, according to The Separation Guide, a website that connects separating couples with legal and financial advice.
Among couples aged 55 and 64, inquiries have doubled over the same period. “It’s the killing season for marriages,” says lawyer and founder of Separation and Divorce Advisors Jacqueline Wharton, referring to the tendency for people to make big life changes after the intense family interactions and financial pressures of the Christmas-New Year period.
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Duncan Hughes was a reporter at The Australian Financial Review
