While getting a divorce is not something many people plan for when they walk down the aisle, navigating the financial costs when it’s time to split can be difficult. What financial decisions should a couple agree on when they’ve reached the end of their marriage journey? Ivan Cheong, a family law specialist and equity partner with Withers Worldwide, gives his advice on this episode.
Divorce proceedings can be divided into two stages: Dissolution of the marriage, where the Court will establish that the marriage has indeed broken down, and ancillary matters, which have to do with the division of matrimonial assets, and matters concerning the children. (Photo: iStock/Pheelings Media)
Jump to these key moments:
A new episode of Money Talks drops every Tuesday. Follow the podcast on Apple or Spotify for the latest updates.
Have a great topic for us? Drop the team an email at cnapodcasts [at] mediacorp.com.sg ( )
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Divorce proceedings can be divided into two stages: Dissolution of the marriage, where the Court will establish that the marriage has indeed broken down, and ancillary matters, which have to do with the division of matrimonial assets, and matters concerning the children. (Photo: iStock/Pheelings Media)
Jump to these key moments:
- 03:27 Where and how do you start the negotiations?
- 06:02 Financials, maintenance and the children - what goes into the agreement?
- 10:01 What will constitute the bulk of your divorce fees?
- 15:29 Common financial disputes in a divorce settlement
- 19:43 Post nuptial agreement - the best way to reduce the financial costs of a divorce?
A new episode of Money Talks drops every Tuesday. Follow the podcast on Apple or Spotify for the latest updates.
Have a great topic for us? Drop the team an email at cnapodcasts [at] mediacorp.com.sg ( )
Continue reading...