We can all appreciate how hard divorcing is. It’s a time of uncertainty. It can be daunting creating a new future on your own. It’s scary and the future is unknown. There is a common saying “a fast divorce is a good divorce.” There are 7 good reasons why this is a commonly shared phrase.
“If you are delaying settlement because you are waiting for an asset to appreciate or an inheritance to come through for your ex-spouse, you might be disappointed. Not only might you be wrong, the asset may depreciate, new debts may be introduced to the balance sheet and the inheritance may not come through. Further, there are many other ways that you or your ex-spouse may try to avoid parting and splitting the assets,” said Rachael Scharrer,Separation Straegist and Divorce Expert.
Too often, divorces that take an excessive amount of time are driven by greed, lack of direction, poor understanding and lack of insight. The moral of this ‘story’ is that it is better to have a fast divorce. Rachael Scharrer shares some reasons why:
As always, the money saved on legal fees and a protracted divorce means that more of the funds/assets are split between you and your ex- rather than absorbed by lawyers, holidays and unnecessary expenses.
I often remind my clients to balance the costs of gaining an additional 5% or 10% of the asset pool against the cost in legal fees and the cost to your wellbeing towards achieving the extra money. It is worthy of always reviewing the figures yourself, under the guidance of your lawyer, and making settlement decisions without being emotionally driven.
The faster that you can achieve your settlement, the faster you can return to independence, building your financial freedom and being perfectly autonomous.
To ensure that your divorce is going in the right direction or for help getting prepared, arrange your Strategy Session today. If you would like to book a 3-session Pack, contact Divorce Answered via the Contact Us page and request a 3-pack of Strategy Sessions. Too often, clients remark “I wish I had a Session earlier” and “My sessions were incredibly informative and helpful” – you too can benefit from having a Strategy Session and feel more confident and knowledgeable with support, direction and guidance.