We hope you found the first set of lessons helpful. Here is the second set.
These lessons take you into more detail about how you can decide what range is probably appropriate for your settlement.
We look at the downside if you don't sort out a deal with your ex. And we explain the impact of legal fees and delays.
These lessons take you into more detail about how you can decide what range is probably appropriate for your settlement.
We look at the downside if you don't sort out a deal with your ex. And we explain the impact of legal fees and delays.
- The Mechanics of Wealth Division
- Finding the Right Range
- The Impact of Legal Fees
- The Impact of Delays
Lesson One: The Mechanics of Wealth Division
This lesson explains the 4 main factors that need to be taken into consideration:
(i) your total asset pool; (ii) what contributions have been made to your financial position; (iii) your future needs and those of any dependent children; and (iv) achieving an overall "just and equitable" outcome. [Viewing time approximately 15 minutes] Lesson Two: Finding the Right Range
Now that you've seen the general principles that are relevant for most couples, we take you through a practical series of steps you can use to get a sense of where you and your spouse should settle.
[Viewing time approximately 9 minutes] Lesson Three: The Impact of Legal Fees
This lesson reveals the cost of the legal fees you will mostly likely face if you do not succeed at reaching a settlement through discussion and mediation. You’ll see that if you go down the legal path, legal fees will consume a large portion of your wealth - usually as much as the gap between your views about what you should get in your settlement.
[Viewing time approximately 10 minutes] Legal fees are not the only trap that can reduce your wealth in separation. This lesson shows how delay - whether caused by your spouse or by the legal system or by you - will reduce your net wealth further.
[Viewing time approximately 6 minutes] Video Tutorial Series Menu
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