Avoiding divorce traps

The Wall Street Journal has listed some traps to avoid: AVOIDING DIVORCE TRAPS • Steps you can take to safeguard your finances during and after a divorce:• Consider other ways to divorce. Litigious divorces can cost tens of thousands of dollars in legal fees and last for years. Opt for alternative ways to reach an… Read More »Custom Single Post Header

Family Law Section Law Council of Australia Award
Member of Queensland law society
Family law Practitioners Association
International Academy of Family Lawyers - IAFL
Mediator Standards Board

Avoiding divorce traps

The Wall Street Journal has listed some traps to avoid:

AVOIDING DIVORCE TRAPS

• Steps you can take to safeguard your finances during and after a divorce:
• Consider other ways to divorce. Litigious divorces can cost tens of thousands of dollars in legal fees and last for years. Opt for alternative ways to reach an agreement, such as mediation or collaborative divorce.
• Keep taxes in mind. A stock portfolio split down the middle might not really be equal, if there are embedded losses or gains in the portfolio.
• Don’t be house poor. Many divorcing spouses want to keep their homes for emotional reasons and to provide stability for the kids. But maintaining a house also means mortgage, tax and upkeep expenses.
• Splitting up retirement plans? That involves tricky tax rules, so be sure you have the proper paperwork and talk to legal and tax advisers.
• Update wills, trusts and beneficiary designations on retirement plans and insurance, so your ex doesn’t end up inheriting an unintended windfall.

Source:

Things to Read, Watch & Listen

What is the Fertility Society of Australia & New Zealand

In this video, Accredited Family Law Specialist and Page Provan Director Stephen Page introduces the Fertility Society of Australia & New Zealand and this organization’s critical role in the IVF industry.

What is Access Australia & Why You Need to Know About it

In this video, Accredited Family Law Specialist and Page Provan Director Stephen Page explains what Access Australia is and how it helps those who need assisted reproductive treatment.

Who Is a Parent Then – Is Three a Crowd?

Stephen Page’s Paper presented to the Legal Services Commission, Adelaide on 19 November, 2021.