Your relationship is over and it’s time to move on and rebuild your own life. In amongst everything else you are dealing with; you will have to talk about your finances and start the process of separating them. De-merging your finances in divorce is very challenging.
In a perfect world it would be great if you and your partner could sit down together and work through this process, it will be much easier if you can, but money is one of the hardest things to talk about when your relationship is going well, and so if you don’t feel that this is an option for you, don’t force the issue.
Here are three things that you can do yourself to start the process of talking through your money with your ex.
I completely understand that you have enough on your plate and having to visit the bank, and trawl through bank and credit card statements is just another task on the to do list. I have seen too many times where money has been taken out of the bank by one partner and the other doesn’t know and they can’t get it back until settlement (which can be quite a long way off).
This advice and this process is about protecting yourself and your share of the assets for your future and your children.
Guest author Lynda Moore runs Money Mentalist, an advisory business that helps you to Re-set Your Money and Change Your Life! She is one of the Equal Exes Expert advisors. Find out more and contact Lynda
Equal Exes Online is your place to find help to guide you through separation and divorce. We offer self-guided workbooks and informational articles (like this one) which can help you be better informed, work out your priorities and how to move smoothly beyond your current relationship. Find all our workbooks here.