The Divorce Course Podcast

Help! My ex is spending all the money and I'm worried there won't be enough left for me at property settlement. Safeguarding your property pool during your divorce.

06.27.2023 - By Laura & LynPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

Are you going through a divorce and are worried about your ex spending/hiding all the money before the property settlement is sorted? In this episode we look into various scenarios of how your ex may be spending big to deplete the property pool and what can be done about it. Learn about the concept of "wastage" in the family law world and how the family court can view it. Discover what the family court has done in the past if wastage has been determined. If you are worried, this episode will give you some practical tips on how you can protect yourself or calm yourself. Listen now to and be proactive in your divorce or de facto separation. Don't let your property pool become a property puddle before financial settlement occurs. We also touch on disclosure and a previous full court ruling on someone who wasn't playing fair. Please note this is general education only not legal advice. Please always seek independent legal advice as everyone’s situation is different. This podcast is based in Australian Law.  Sign up here for our next free online webinar Click here to learn more about your DIY DIVORCE BLUEPRINT CLICK HERE TO GET YOUR FREE DISCLOSURE CHECKLIST GUIDE Click here for our free before you leave checklist  Click here for our free mediation checklist Waitlist for our self represent in the family court course   Episodes Mentioned you Should Listen to DIY Disclosure Episode Your Finances and the red flags to look for with Pedro Marin The Post Separation Abuse Wheel Part 2   Cases mentioned in this episode http://www8.austlii.edu.au/cgi-bin/viewdoc/au/cases/cth/FamCA/1981/70.html http://classic.austlii.edu.au/au/cases/cth/FamCA/1981/70.html?query= http://classic.austlii.edu.au/au/cases/cth/FamCA/1994/144.html?query= Help! My ex is spending all the money and I'm worried there won't be enough left for me at property settlement.Safeguarding your property pool during the divorce You Don’t Want to Miss Out On Is wastage a common behaviour among exes going through a midlife crisis? What are some common examples of wastage during a midlife crisis? What are the rules around wastage in family court? How does wastage affect the division of property in divorce cases? What actions can be taken to stop wastage during the divorce process? Is wastage considered a negative contribution to the asset pool? Is there any legislation regarding wastage in the Family Law Act? How can wastage be proven in court? Is spending on luxury vacations considered wastage? Can running down a business be considered wastage? How can the value of assets be determined before and after wastage? What can be done if there aren't enough assets left to compensate for the wastage? How important is it to know the property pool from the beginning of the divorce process? Is mediation a good time to be asking? Is it too late to ask certain questions at mediation? When should you ask important questions before mediation? What should you do when you notice certain behaviour from your ex? Is it better to stop waste or try to get it added back later? How can you prevent your ex from wasting assets? How can you handle non-disclosure issues in court? What can you do if your ex refuses to disclose financial information? Is it a bad idea to retaliate and waste assets in response to your ex's behaviour? What can happen if you engage in dishonest or dodgy behaviour during the process? How long has the Family Law Act been in effect? Are there any new surprises in family law cases? How can you conduct searches and gather information about assets? Should you take action even if you have an amicable relationship with your ex? What should you be looking out for if you have a manipulative or controlling ex? What should you be looking out for if your ex is a narcissist?   If you need emergency help you can also contact: WOMEN'S SHELTER SERVICE  LEGAL AID Lifeline 13 11 14 Mensline Australia 1300 789 978 Kids Help Line 1800 551 800 Aboriginal Family Domestic Violence Hotline 1800 019 123 Relationships Australia  Police on 000 DVConnect Womensline on 1800 811 811 (24 hours, 7 days a week) Note: This number is not recorded on your phone bill DV Connect Mensline on 1800 600 636 National DV line on 1800 737 732.1800RESPECT 1800 737 732 Make sure you hit SUBSCRIBE so you don’t miss out on the next practical steps and guide to your divorce or de facto separation coming soon. And, if you’ve found this episode helpful, please leave a rating and a review so it can help others. Thank you.  Please note this is general advice only. Please always seek independent legal advice as everyone’s situation is different.  Is wastage a common behaviour among exes going through a midlife crisis? What are some common examples of wastage during a midlife crisis? What are the rules around wastage in family court? How does wastage affect the division of property in divorce cases? What actions can be taken to stop wastage during the divorce process? Is wastage considered a negative contribution to the asset pool? Is there any legislation regarding wastage in the Family Law Act? How can wastage be proven in court? Is spending on luxury vacations considered wastage? Can running down a business be considered wastage? How can the value of assets be determined before and after wastage? What can be done if there aren't enough assets left to compensate for the wastage? How important is it to know the property pool from the beginning of the divorce process? Is mediation a good time to be asking? Is it too late to ask certain questions at mediation? When should you ask important questions before mediation? What should you do when you notice certain behaviour from your ex? Is it better to stop waste or try to get it added back later? How can you prevent your ex from wasting assets? How can you handle non-disclosure issues in court? What can you do if your ex refuses to disclose financial information? Is it a bad idea to retaliate and waste assets in response to your ex's behaviour? What can happen if you engage in dishonest or dodgy behaviour during the process? How long has the Family Law Act been in effect? Are there any new surprises in family law cases? How can you conduct searches and gather information about assets? Should you take action even if you have an amicable relationship with your ex? What should you be looking out for if you have a manipulative or controlling ex? What should you be looking out for if your ex is a narcissist?   If you need emergency help you can also contact: WOMEN'S SHELTER SERVICE  LEGAL AID Lifeline 13 11 14 Mensline Australia 1300 789 978 Kids Help Line 1800 551 800 Aboriginal Family Domestic Violence Hotline 1800 019 123 Relationships Australia  Police on 000 DVConnect Womensline on 1800 811 811 (24 hours, 7 days a week) Note: This number is not recorded on your phone bill DV Connect Mensline on 1800 600 636 National DV line on 1800 737 732.1800RESPECT 1800 737 732 Make sure you hit SUBSCRIBE so you don’t miss out on the next practical steps and guide to your divorce or de facto separation coming soon. And, if you’ve found this episode helpful, please leave a rating and a review so it can help others. Thank you.  Please note this is general advice only. Please always seek independent legal advice as everyone’s situation is different.   

More episodes from The Divorce Course Podcast