Video Lesson Group 2
Finding Out What's "About Right" For You
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]
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