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Money Makeovers with Peter Switzer
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Peter Switzer

Financial Assistance

I've recently divorced and have been awarded custody of my children. However, I've had to reduce my work hours to look after the children. As a result, my income has fallen substantially. Is there any form of financial assistance that I can seek?

If the need for financial support can be demonstrated and your ex-spouse can be shown to have the financial resources to provide it, spousal maintenance will invariably be payable. You may also receive payment of child support, which is assessed annually and paid monthly. You should also check your eligibility for Centrelink benefits.

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Disclaimer: This is generic financial advice only. Any investment decision should be made after careful review of your individual financial situation, risk tolerance, investment objectives and time horizon. These Questions have been answered by Peter Switzer and Mark Leahy. Mark is the Managing Director of Switzer Financial Services. If your question is answered, it will be published in the Peter Switzers' Money Makeovers on Yahoo! Finance, and you will be notified by email.

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