Free seminar: Looking after your financial well-being after separation
Financial Planner Tim Rogers will talk about looking after your financial well-being after separation at TGB’s second Beyond Divorce free seminar on February 5. Register now.
Through our new seminar series we bring in experts to help people through the “non-legal” side of separation for married and de facto couples.
Looking after your financial well-being after separation
Tim Rogers, Certified Financial Planner, Wealth By Design
When: February 5, 5.30pm – 7.30pm.
Where: Tindall Gask Bentley Lawyers, 76 Light Square (Level 7), Adelaide SA.
Light refreshments provided after the seminar.
Register here or call Rachel Woodward on (08) 8212 1077 by January 31.
Seminar information:
Separation and divorce can be the most stressful period of a person’s life. Not only are there the emotional issues to deal with but there are also the practicalities of how life after the relationship will be structured. There is little desire or time to sit down and work out how to prepare financially for the road ahead but it is important that individuals take control of their finances as soon as possible – particularly before any property settlement is awarded – in order to have a structure in place that will set them up for the next stage of their life.
With the huge emotional load that separating couples face, it is common for their financial well-being to be neglected. Few understand what the impact of the decisions they make during their separation will have on their financial status in the long term and after the assets have been divided.
Aside from financial matters there are a number of other areas which individuals need to ensure are addressed promptly, such as their estate planning affairs. It has been our experience when dealing with clients going through separation that they are horrified to discover that their former partner may still hold the power to make financial, medical and lifestyle decisions for them in the event of their diminished capacity. Similarly, beneficiary nominations that were appropriate when executed on superannuation and life insurance policies could also see former partners receive benefits that are now no longer intended for them. It is also imperative for individuals to ensure existing liabilities that they are linked to continue to be paid to ensure their credit ratings aren’t adversely affected by an angry ex partner defaulting on a loan repayment or alike. Similarly, a client defaulting on a payment (to spite a former partner) is not a good idea where it adversely affects their own credit rating.
More than at any time in their lives, this is where assistance needs to be sought. Tim will touch on many of these issues in his presentation, and will answer questions that you may have.
About Tim Rogers
Tim has over 19 years experience in the financial services industry working in Adelaide, Sydney, Perth, and Darwin. Prior to launching Wealth By Design with Rory, Tim was State Manager SA/NT and a Senior Vice President with BT Financial Group.
During his career Tim has served as a trustee of a major Australian corporate superannuation fund, a member of an ASIC founded industry steering committee in SA and as Treasurer of the SA chapter of the Financial Planning Association (FPA). Tim holds a Bachelor of Economics from Flinders University, the Advanced Diploma in Financial Services (FP) and is a CERTIFIED FINANCIAL PLANNER TM.
Tim is a member of the FPA, sits on the national Apogee Financial Planning Advisory Board, is Chairman of MLC’s State Advisory Board in SA and is a Justice of the Peace.
Register here or call Rachel Woodward on (08) 8212 1077 by January 31.