New divorce and separation money tools from ASIC’s MoneySmart
A relationship breakdown changes many aspects of your life, including your finances. It is a time when you need to make many decisions about your money which is why the Australian Securities and Investments Commission (ASIC) has developed new tools to help.
The Divorce and separation financial checklist and the Asset stocktake calculator provide practical steps to separate finances and get your money back on track. These tools can also be used to help a friend or family member going through a divorce or separation.
By selecting relevant items, the checklist can be tailored to individual situations. You can then email the completed checklist to yourself to work through at your own pace. The asset stocktake calculator can be used with or without an ex-partner to give a clear picture of your overall financial position to help you start making plans about how to divide your assets and debts.