A practical guide to protecting your financial assets throughout marriage and divorce.
Money is always a tricky subject to broach, especially when you've just found the love of your life. But Paul Clitheroe, expert financial advisor, says it's never to early to have the conversation. By agreeing on a financial plan, you will eliminate many money-related arguments and together you can build more wealth than you could separately. Being clear-headed about money also means you can protect your assets if you are divorcing - not from each other, but from a costly divorce process and the increased expenses of living separately.
Paul's rational and calm advice covers:
how to set up a household budget
- investing as a couple
- consolidating debt as a couple
- in whose name to put the mortgage
- the costs of living separately
- whether to sell the family home to buy two smaller houses
- dividing assets without wasting money on lawyers or legal proceedings
This is the manual on good money management through very difficult times. About the Author
Paul Clitheroe is a founding director of leading financial planning firm ipac, and has been involved in the investment industry since he graduated from the University of New South Wales in the late 1970s.
He has completed the two-year postgraduate course offered by the Securities Institute and is a Fellow of that professional body. He was a board member of the Financial Planning Association of Australia between 1992 and 1994; in 1993 he was elected the Vice President and in 1994, the President.
From 1993 to 2002 Paul hosted the popular Channel 9 program Money
. Since 1999 he has been the chairman and chief commentator of Money
He writes personal finance columns for metropolitan, suburban and regional newspapers across Australia and presents Talking Money
on radio nationally. Paul has been a media commentator and conference speaker for more than 30 years, and is regarded as one of Australia's leading experts in the field of personal investment strategies and advice.
In 2003, the federal government appointed Paul Chairman of the Financial Literacy Taskforce. That body has since evolved into the Australian Government Financial Literacy Board, and Paul continues as Chairman. In 2008, Paul was appointed a Member of the Order of Australia (AM) for service to the community and the financial sector through the promotion of financial literacy.
Paul, a keen sailor and golfer, lives in Sydney with his wife and three children.