Divorce - Dealing with the Fallout
Family break-ups, separation and divorce are highly stressful, and people often grieve over the loss of their former relationship and lives. However, the intense early feelings do ease with time, and most separated or divorced couples go on to lead fulfilling and happy lives. Here are tips to help you get through this stressful time.
Easing the burden of a divorce
In Australia, approximately 132 couples get divorced every day – and almost half of these couples will have children under the age of 18. Divorce can be hard on the whole family, and we’re usually pretty unprepared to handle such a tough time. Should you ever find yourself in this situation, here are our recommendations to help get you through it.
1. Be kind to each other
It may be hard to remember why right now, but you both got married for one reason – you loved each other. So, be kind to each other and try not to make an already difficult situation even harder than it already is. Studies show that men are twice as likely to commit suicide once they’re divorced. Either party, regardless of the cause of the divorce, shouldn’t cause unnecessary stress or pain.
2. Find the right lawyer
Choosing the right divorce lawyer is crucial to the outcome of your case – and you definitely don’t want to appoint a lawyer who acts as a mercenary in which you are just a means to fund their profits. A good idea is asking for a referral to a lawyer from other specialists such as accountants, psychologists or financial planners who often engage with divorce lawyers in the course of their work. If you want a quick and affordable settlement, make sure your lawyer has a win-win attitude.
3. Be open and communicate
As we mentioned previously, a divorce is difficult for the entire family – not just mum and dad. If you have children, be open and communicate with them. They deserve to understand what is happening, and how it will affect their day-to-day lives. It can actually even help them to control their own anxiety.
4. Put your health first
Your health is a number one priority, so take care of it. Don’t manage your stress by drinking more, or engaging in any other detrimental activity. If you are feeling anxious or depressed, reach out to your GP and request a mental health care plan which will help you on the road to recovery. A healthy diet combined with regular exercise, and speaking with friends or family can help too.
5. Take a break.
Sometimes the pressure and stress can be too much and you need to take a break. If you have spare annual leave hours, consider using some of them in order to recover. Also, if you have an income protection policy in place and your GP is concerned about your mental wellbeing, make a claim – it’s worth it.
6. Update your legal documents
Unless you want the proceeds of your Will, your superannuation and your life insurance policies going to your ex, make sure to update your nominated beneficiaries.
If you do ever find yourself in the situation of a divorce, be sure to follow the above tips, and put yourself and your health first. At Rising Tide, we can help take the stress out of updating and re-organising your financial documents, or at the very least point you in the right direction.
Aside from your financial concerns, if you feel the stress is getting to much, talk to your doctor or trusted health professional and discuss your situation and how you are feeling.
You can also call:
o beyondblue (anyone feeling depressed or anxious) – call 1300 22 4636 or chat online.
o Lifeline (anyone having a personal crisis) – call 13 11 14 or chat online.
o Suicide Call Back Service (anyone thinking about suicide) – call 1300 659 467.
o Black Dog Institute (people affected by mood disorders) – online help.
This information is current as at 22/04/18.
This article has been prepared by Heart1Stop, a social media brand owned by Heart Mortgage Services and Heart Financial Advisers. The information contained in this article is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The views expressed here are not those of Heart1stop, Heart Mortgage Services, Heart Financial Advisers, shareholders, directors or staff and associated contractors and business associates. This article has been prepared without taking into account any person’s objectives, financial situation or needs. Because of this, you should, before acting on any information contained in this article, consider its appropriateness, having regard to your objectives, financial situation or needs. Any taxation information contained in this article is a general statement and should only be used as a guide. It does not constitute taxation advice and is based on current laws and their interpretation. Each individual’s situation may differ, and you should seek independent professional taxation advice on any taxation matters. While the information contained in this article may contain or be based on information obtained from sources believed to be reliable, it may not have been independently verified. Where information contained in this publication contains material provided directly by third parties it is given in good faith and has been derived from sources believed to be accurate at its issue date. It is not the intention of Heart1Stop or Heart Mortgage Services and Heart Financial Advisers that this publication be used as the primary source of readers’ information but as an adjunct to their own resources and training. To the maximum extent permitted by law: no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up to date or fit for any purpose; and no party of Heart1Stop or associated entities as mentioned is in any way liable to you (including for negligence) in respect of any reliance upon such information. This article may also contain links to websites operated by third parties ("Third Parties") who are not related to Heart1Stop. These links are provided for convenience only and do not represent any endorsement or approval by us.