Divorce Directory, Author at Divorce Directory Australia

The Pain of Divorce

by Divorce Directory | May 17, 2019 | divorce, Relationships

Until recently, I was a financial adviser.

During the 50 years of dealing with customers I saw my fair share of divorce situations.

Robbie and John had been married for many years. They had two beautiful children and were financially secure.

John worked hard in his business and diligently put together a great income and developed a saleable business.

John worked hard in his business and diligently put together a great income and developed a saleable business.

Robbie worked in the public service and also produced a very good income.

Two things went wrong before the third (disaster) occurred. Robbie had a reputation of playing up which was unbeknown to her husband. John had an injury to his back which precluded him from running his business. Sure, he had income protection that that was insufficient to provide him with the replacement income which he had lost. The business collapsed to the point where it had no value.

Once the income stopped, Robbie decided that it was time to end the relationship. She had plenty of choices as she had many relationships. Eventually, Robbie found a guy in Queensland who could provide her with the income that she required and the lifestyle that suited her personality.

Before they split, I explained to them that the whole, divided by two, never provided the capital or income which was expected. In fact, it is usually a disaster.

Robbie had a particularly bad vindictive approach to the divorce. Her expenses were horrific….well in excess of $120,000. John’s expenses were similar.

When it came time to divide the assets, there was her superannuation and her substantial income together with a small superannuation for John and a business which was worthless. The house had a reasonable debt which needed to be taken into account.

The problem was that Johnny trusted Robbie when it came to the discussions associated with the division of assets and income. He lost badly.

The courts will always decide how assets and income will be split. Cost of caring for the children will also be taken into account. However, when you have one party who decides to ‘rip off’ the other, the results are far from equal.

If only there had existed a Divorce Checklist, at that time. At least Johnny would have had a fair chance (as he did not have too many sleeping partners who were lawyers!).

When you obtain the divorce checklist you will find that there are many explanations which will help you recover a fear or share of the assets which may be available. Additionally, you will discover that there are many things which are rarely mentioned by other professional advisers. These ‘other’ items could prove to be quite valuable to you.

Divorce! Can you reduce the cost?

by Divorce Directory | Apr 21, 2019 | divorce, Relationships

When talking about divorce, just about everybody knows somebody who feels that they have been ‘ripped off’. Discussion centre on the settlement and the professional costs, particularly legal costs.

Yes, it is often the legal costs which are not thought about before entering into negotiations. And costs can be high if you are ill prepared for the discussions.

Being ill prepared for the practical issues surrounding divorce, and for dealing with professional advisers, are often ignored.

Understanding the basics, having questions prepared in advance and having a way to be prepared for all of the practical discussion points will reduce the cost of the divorce.

Australia’s No.1Essential Guide & Checklist to Getting Divorced is available for download to help with the process. Download a preview to see the benefits of having the full Checklist.

15 Signs of Infidelity

by Divorce Directory | Feb 11, 2019 | divorce, Relationships

While no one likes to think their spouse is cheating on them, according to data from the recent General Social Survey (GSS), 20% of men and 13% of women have admitted to getting intimate with someone other than their spouse, so it’s not exactly an uncommon issue. But signs of infidelity can be subtle, and it’s not always as clear cut as being emotionally withdrawn, losing interest in sex and staying late at the office several times a week – the common stereotypes. Let’s take a look at the common red flags in knowing whether your spouse is cheating on you – Read all the15 signs – Ba-bamail.com

Jeff Bezos Is About To Lose Half His Net Worth

by Divorce Directory | Feb 11, 2019 | divorce, Relationships

With a net worth of $134.5 billion as of Friday, Amazon founder and CEO Jeff Bezos is the world’s richest person. But due to his pending divorce from his wife, MacKenzie, his net worth could soon be cut in half — to $67 billion.

If that’s not enough of a headache, Amazon’s stock has lost 21 percent of its value since it peaked in August 2018 at $2,050 a share. That drop has cost Bezos about $28.2 billion. Read more..

By Peter Cohan Founder, Peter S. Cohan & Associates

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Do you know who your friends are?

by Divorce Directory | Jan 17, 2019 | Relationships

Most people have friends. Some have a few, others have many.

Young people, today, can remember the time when they were young children. They had imaginary friends. I guess, when you think about it, we all did.

However, as time passes, young people have found that they have thousands of ‘friends’. But are they truly ‘friends’ or just ‘names’? We have all heard of people who have over a million ‘friends’ on Facebook.

They could be sitting next to each other at a movie, on a train, or be at an event and not know the irony of being ‘friends’ with them.

We know that most of them are not ‘true’ friends. In fact, nowhere near being true friends. And yet we maintain the nonsense of calling them ‘friends’.

Some years ago, I was talking to a well-known person in London. She was a television personality, radio commentator, author, delivered speeches and ran seminars. Sandra was concerned at the degree of difficulty she was having in trying to keep up with her ‘friends’, or contacts. Most of these were in her CRM, on her email listings, in her mind and a few were in her telephone. And yet, Sandra felt that she needed to stay in touch with the people whom she had met in various situations.

I asked “Could she tell me the names of your friends?” “

Yes, my good friends and people with whom I had recently spoken with. I have a vague memory of the others and could think about your question and give you the answer. That may take some time.”

When it boils down, not many of us know who all of our friends are. If we hear from them, meet them in the street or see their names, we will specifically, or vaguely, remember them.

Many do not know their neighbours or colleagues.

It has been proven that one of the most important aspects of having a long life is to have many close friends. I’m not necessarily talking about the people you see at a football match, a club or at work. I am talking about real, ‘fair dinkum’ friends. It is your responsibility to develop friends.

You may be surprised how few friends who you actually make, each year. It can be easy, or sometimes difficult, to make friends.

It would be easy to just make a list. However, I am suggesting that you make a different list. One which will surprise you, for sure, and will make you think about the relationships you have with people. Choose your own headings or categories. Just do it……you will be surprised.

Here are some suggestions to help you begin your journey.

Trust friends.
Must friends.
Evolving friends.
Just friends.
Just contacts
Rust friends.

Subjectively decide on what you think the titles mean.

One of my goals is to ‘continually expand my circle of friends’.

Yes, I work on it every day. I talk to as many people as I can without creating any surprises or ill feeling. It is surprising how those new contacts / friendships develop.

Never ignore your real friends. All it needs for a friendship to be destroyed is for complacency to set in. Take up the challenge of being the person who tries to maintain the friendship. None of this ‘Oh, they never call me’.