A marital divorce agreement is not an exact science. If a financial divorce settlement were a straightforward mathematical equation, we would not need courts and lawyers to resolve matters. Courts are usually required under the Family Law Act, which decides who gets what. Many women settle for a 50% division of marital property, which takes into account significant disparities between your husband's earnings and your weekly / monthly income without taking into account matters and any restrictions on your ability to earn income. It is possible.
Another mistake is helping the other spouse maintain the matrimonial home if you have the ability to buy it. Real estate property has the habit of increasing your value without doing anything. If you pass it and your spouse pays you, the problem often is that you do not have enough money to buy your property. Deposits, stamp duty, legal fees etc. can be put out of your reach to buy another house. You have given up dead money in rent
Not as a common mistake, while some women will demand to have a matrimonial home when they cannot actually afford it financially. If you have to take out a large loan to buy your husband's share of the house, then you need to factor in monthly loan repayments such as rates, building insurance, public liability insurance and general maintenance costs. Only then will you know if you can actually keep the house or not.
Considering other matters such as alimony and child support, agreeing on the division of marital property is another problem. These are not matters that should be dealt with in isolation.
It is the present value of the asset that is taken into consideration - not the replacement value. This means that if the family car costs $ 10,000, it is better to keep it. A lot of women need a vehicle to bring themselves children from school and football training, etc., and the family car has to spend twice to replace it. The same mistake is sometimes made when it comes to marital furniture and influences. They are usually secondhand (even if recently purchased) and therefore do not have a lot of money. For example, the fridge that you paid $ 1,000 for may now be only a few hundred dollars. Killing the bulk of the furniture (if it is in good condition) then you have to avoid paying too much money to replace it.
Property settlements can sometimes be cordial but this does not mean that they are fair. There is the possibility of not accepting the financial values prevailing by your husband that you want to keep and the lower value on any property that he really wants to keep.
Women (and sometimes men) find it amazing to argue over small things. By this I mean, fighting for items of little financial value. It is meaningless to pay hundreds of dollars in a legal fee dispute that is going to get a $ 50 wedding vase or a $ 150 stamp collection.
Another mistake is ignoring marital assets and / or financial resources such as boats, trailers, machinery, pensions, retirement funds, stocks, shares and life insurance.
Many women believe that if they go "soft" to dispose of their property, their husbands will find it easier to behave in relation to children. This approach rarely produces the desired results. The only real consequence is usually that your spouse considers you weak.
Another very common mistake is to seek divorce financial planning advice from a lawyer rather than a financial planner. What do lawyers know about financial planning?
Some women believe that reaching an informal agreement with their husband is legally binding. Even if it is written down and signed by both parties.
In the end, many women simply give to their husbands, as they always do. Now is the time to stand up for your own self. You are facing separation and divorce, which means that more than ever, you need to be primarily concerned with your financial future!
Good content
You must be logged in to post a comment.