How to fix the broken divorce system
Far too many divorces are needlessly drawn out. Almost half of Australian couples negotiate for an average 15 months in solicitors' offices and those who head to court wait an average of 3 years to get a decision.
In financial (property) disputes, many couples in reality are only arguing small differences about how their wealth should be split, but the current system creates a lengthy and obscenely expensive process for families. And it allows one of the parties to drag matters out for years, for no good reason, with no penalties for doing so.
While this is happening, all the couple's wealth is locked up, so neither of them can really get on with their lives. Limited liquidity - especially at a time of incredible stress - is simply a ridiculous way to manage these situations. It causes far too much needless stress and just increases conflict.
Now, yet another Parliamentary Committee is considering reforming The Family Law Act to ensure that the divorce system reduces domestic conflict.
At Divorce Partners, we think that the best way to reduce the delay and financial stress in divorce is to get cash flow freed up for both of the former partners as early as possible.
That’s why we developed the 90:90 Solution - a simple rule that says: