6 Ways to Protect your Money / Finances from Divorce (as a Singapore Investor)


Divorce used to be a taboo topic, but it has now become a reality in the modern world.

Given that your spouse is intimately involved in your financial life, it will necessarily impact your finances in circumstances of separation.

These are 6 important financial aspects to think about in the event of a breakdown in marriage. 

This article was written by a Financial Horse Contributor.

1. Joint assets owned as a Couple in Singapore

Probably the biggest impact of divorce is the matrimonial home – usually under joint ownership. 

This is usually the primary asset, and a big contention in divorce.

Source: MSF website

Other often overlooked aspects include joint bank accounts, supplementary credit cards, and GIRO arrangements. 

These are some aspects that jointly involve both parties, that may need to be un-entangled:

Source: MSF website

2. Seeking professional help

A divorce can be extremely mentally and financially taxing.

Seeking professional help to get informed opinions on your rights, and the way forward, can help you significantly. 

Aware recommends the following:

  • Understanding the divorce process and its cost
  • Organising and documenting the family’s financial situation
  • Consider a maintenance order
  • Seeking professional support for legal, financial and emotional matters

Getting an objective picture of your family financial situation is very useful. 

These are some important documents that you can serve as important reference points.

Source: AWARE website

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3. Independent sources of income 

Divorce usually leads to an untanglement of finances.

This is why it is increasingly important to have your own independent sources of income. 

Besides having your own primary job and income, consider building multiple streams of income so you are protected. 

For instance, income-generating assets under your own name: 

  • rental property
  • stocks portfolio 
  • fixed income portfolio (bonds etc.)
  • business income 
  • freelancer income 
Source: Manulife

4. Monthly budget

With a separation coming, this means your budget may take a hit in the short term.

Know which parts of your expenses are fixed, and which are variable.

This allows you to quickly adapt, and keep going even with a reduced budget. 

Understand your incomings and outgoings to plan for a secure future:

  • Housing expenses
  • Monthly expenses (food, transport, utility etc) 
  • Educational and other needs of your children
  • Medical fees and expenses
  • Debts

5. Insurance coverage 

Insurance is a important financial planning tool to cover medical expenses, and also protect yourself in retirement. 

In the aftermath of divorce, it is necessary to relook at your total coverage, and plug any gaps where necessary.

It may also be prudent to add to your coverages for your kids.

This may also mean you need to re-nominate a beneficiary for your insurance coverages.

5 types of insurances to consider:

  • health insurance 
  • life insurance
  • critical illness insurance
  • personal accident insurance
  • disability income insurance

6. Emotional cost

Source: MSF

Emotional cost of divorce cannot be overlooked.

The pain of divorce may take a longer time to recover than anticipated. 

Be open to leaning on your support network in this time of need.

Where possible, consider also getting professional help such as therapy or counseling to navigate the stresses of this major personal life change.


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