divorce Archives - 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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How to rebuild your finances after divorce

by Divorce Directory | Sep 24, 2018 | divorce

Couples who get divorced can restore their income quickly but their long-term wealth never recovers from selling assets in the split.

Women recover their previous income levels within a few years of divorce, while men rarely take a hit to income at all, even if they pay child support, research suggests.

When Lyn Sheehan, an optical dispenser from Wollongong, faced divorce at age 51 after more than three decades of marriage, it was an alarming prospect.

“I remember how fearful I was about my future 15 years ago,” Sheehan says.

She is now 66 and living comfortably, which she attributes to some good financial decisions.

….“But once separation occurs, the one who was not across the finances will not have much idea what to do because they have relied on their partner. For them it’s particularly important to seek advice and a get a good financial plan.”

The mindful separation

by Divorce Directory | Jul 18, 2017 | divorce

It can be hard and painful at first, but a new and improved life after your separation is often the reward, if you are willing to do the work.

“New beginnings are often disguised as painful endings”, said the wise Lao Tzu.

As a mindful separation consultant, I see many women who, during separation, experience a great sense of loss. Loss of being part of a couple, loss of the ‘normal’ family module, loss of the white picket fence fantasy, loss of the ‘happily ever after’ notion, loss of the dreams they once had, and loss of identity as a wife and mother. In my experience, women are more likely than men to give their power away in relationships when they take on the role of wife and mother. These roles can play a strong part in defining a woman’s identity in a relationship. When the relationship ends, women can ultimately feel the loss of the identity and a sense of failure.