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How to protect your money from divorce

New Daily 27th January 2015

How To Protect Your Money From Divorce

The courts can’t be beaten, but there are ways to ensure you don’t lose everything.

Divorce is to be avoided at all costs, as the lawyer fees, asset split and ongoing maintenance can be crushing.

Research commissioned by law firm Slater and Gordon has found that the start of the year is one of the most popular times for wives — who are more likely to instigate a divorce — to book an appointment with a family lawyer.

Whichever partner looks after the children can expect to take up to 80 per cent of everything, so the best advice for the other side is to never, ever let it get to that stage.

“If you can at all avoid it, don’t get divorced. It is a very quick way to erode your wealth and health,” says Sydney-based financial adviser Peter Horsfield.

But wisdom tells us to prepare for the worst, so here are some sound ways to protect your money from a relationship breakdown.

Read Full Article: http://thenewdaily.com.au/money/2015/01/27/protect-money-from-divorce/

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