Call us on

Home >

Blog >
DIVORCE DOESN’T HAVE TO MEAN FINANCIAL RUIN

DIVORCE DOESN’T HAVE TO MEAN FINANCIAL RUIN

In a recent article written by Lucy Kellaway in the Financial Review highlighted the reality that many spouses in the late 50’s / early 60’s obtain a new lease of life and the more motivating the latter stages of their career compared to other people if they have just gone through a divorce. Kellaway makes a good point. There is nothing like a crisis to bring out the best in people and being faced with a sudden and late decline in your wealth would motivate most of us.

mediensturmer-aWf7mjwwJJo-unsplash 1-min

The article is also interesting because it relays a story by a hedge fund manager where he stops employees trading when they are going through a divorce because the emotional turmoil renders them too unpredictable to be trusted with anyone else’s money.

It is true that turmoil and loss of wealth are inevitable, the consequences of most divorces.

EBOOK MOCKUP cover

How to choose the right lawyer for you

However, it doesn’t always have to be as bad as it looks or as bad as it was for someone else. Here are some simple tips to help you get through a divorce as unscathed as possible:-

  1. Don’t ever litigate in Court – even if you are emotionally distraught and upset at the relationship demise make one strong promise to yourself – that is, under no circumstances litigate in Court;
  2. Find a smart and Accredited Specialist in Family Law who shares the same philosophy of not litigating in Court;
  3. Work towards a quick and fair mediated settlement and let your Lawyer take any method they think is best to resolve your matter (without going to Court) and that suits the particular circumstances of your case;
  4. Stand apart from yourself and be prepared to compromise financially and commercially – think about what you can achieve in the future rather than what you are giving up now; and
  5. Don’t get caught up and obsessed about the “rats and mice” – little things really don’t matter in the long run. It doesn’t matter if you don’t get to keep your favourite chair or your fishing equipment – get over it quickly so you can get on with life and buy yourself something new.

The article is also interesting because it relays a story by a hedge fund manager where he stops employees trading when they are going through a divorce because the emotional turmoil renders them too unpredictable to be trusted with anyone else’s money.

It is true that turmoil and loss of wealth are inevitable, the consequences of most divorces.

EBOOK MOCKUP cover

How to choose the right lawyer for you

You May Also Like

EBOOK MOCKUP cover

How to choose the right lawyer for you

We Only Send You Awesome Stuff =)

Privacy Policy

The Privacy Statement of the Company is incorporated into these Terms and Conditions. The Company respects the privacy of all its customers and business contacts. The Company is subject to the requirements of the National Privacy Principles which are contained in the Privacy Act.

1. How is personal information collected?
Your name, email address and phone number are collected on the contact form to allow the Company to contact you.
If you email or phone the Company directly, then the Company may record your personal details.
Your personal information may be used to:
a) Improve service to you, the customer
b) The Company may use personal information about you for marketing and research purposes. If you do not wish this to occur, please contact us and we will ensure this does not occur
c) Your personal information is not disclosed to any organisation outside of the Company.

2. Will personal information be given to anyone else?
The Company does not sell or provide your personal information to any other company.

3. Security of personal information
The Company employees are required, as a condition of their employment, to treat personal information held by the Company as confidential, and to maintain the confidentiality of that personal information.
The Company protects the personal information it collects in a secure database.

4. Access and correction
You can access your data at any time by contacting the Company directly.
You also have the right to ask us to correct information about you which is inaccurate, incomplete or out of date.
We ask you to contact the Company by email or phone using the Company contact details if you wish to access or correct any of your personal details.

5. Online privacy issues
To the extent that this Privacy Policy applies to online privacy issues, it is to be read as forming part of the terms of use for our website. When you deal with the Company whether online or otherwise, the Company takes its privacy obligations seriously.

6. Additional privacy information and how to contact the Company
The Company may change its Privacy Policy at any time.

For further information about privacy issues and the protection of privacy visit the Australian Federal Privacy Commissioner’s website at www.privacy.gov.au. If you feel that The Company is not complying with this Privacy Policy, or if you have other privacy concerns, please contact the company.