Actions to take on separation or contemplated separation
If you are considering separation or on separation from your partner there are a number of self preservation actions that you should consider in moving forward such as:
- Change your will especially if you own property in your own name and not as a joint tenant with your partner
- Start a new bank account in your sole name and do not continue making payments from your salary/income source into the joint account
- Inform the bank that on cheque accounts or interest bearing deposit you should authorise payment
- Discuss with your bank the preferred method of operating a joint account to prevent automatic deductions and netbanking that strip the account and leave you with no funds
- Ensure that the mortgage payments are maintained and if this is no longer possible take immediate steps to seek a moratorium on the payments until you can resolve urgent issues with your partner
- Change your email address and change the password on the email account
- Change passwords on any operating bank accounts or even email addresses if you cannot change them
- Review your nominated beneficiary in a superannuation fund
- Consult an accountant and even a financial planner for financial strategies to move forward
- Consult a lawyer for legal advice
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