Australian (ASX) Stock Market Forum

Losing money in property settlement

I think you will find that the money is divided up at the date of the property settlement,

Spot on!!

So do it quickly.

Mate of mine had 10 yrs seperated 2 other relationships then his ex wanted 50% of his wealth.Over those 10 yrs he had gone from Average wealth to substantial wealth. She got way way above anything she would have recieved 10 yrs earlier. The other 2 fortunatley just went their way.

She had made a sound investment!
 
What a nightmare...

Yeah, go on a bender mate. Or sell your house to a mate for $1. Give her 50c. :banghead:

:rolleyes:

Good luck mate


Interesting Point...

If for example you were to convert your shares to cash and lose all of it to a err... "friend" during a game of poker, I'd be interested in knowing where you stood from a legal standpoint.

A friend of mine in the UK, suggested taking this exact approach a few years ago when his relationship began to turn sour. However, in the end they worked it out so he never went through with it. At the time though he was extemely confident that this would be legal....
 
but having been divorced twice and having two brothers both divorced twice

Ouch! Can't imagine doing this twice - what a pain that must have been. I think I am going to sell my shares and transfer the cash to family....good idea
 
Top