Start by determining your current position, Smart Advice principal Peter Horsfield advises: "Sit down with some paper, a pen, a calculator and all your important financial documents pay slips, tax returns, super statements, insurances, loans, credit cards, shares, bank statements," he says. "You need to know exactly where you are now, before you can begin to plan for the future."
This may also be an opportune time to seek professional advice. It's an emotionally fraught time for many folk and while family and friends play a valuable support role, the dispassionate counsel of an independent adviser can help ensure you don't make major financial decisions you'll come to regret.
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