ok, so ive been doing a fair bit of research over the last couple of years, I got burnt big time when I split up with my partner, I ended up losing almost 70% of my assets, had to move out of home and rent a crappy unit, pay maintence, get hounded for more money while she tried to justify looking after 1 x 8 year old was a fulltime job, and that there was no way she could even work part time and ruin her latte and hair appointments, all while she worked a cash in hand job that she thought I didnt know about, plus using the kids as leverage at every moment possible, while being demanded half of the property we lived in that I had 75% paid off before I even met her, whereas I couldnt buy her out so had to get a loan, but I had to get a payrise which meant more support
anyway, enough with the nasties, Ive gotten over it, lucky she only got 70% which was $50k, because she thought she could hide the $70k odd in her personal credit card debt amassed from shopping, plus I had just started a business which was at its infancy stage
ok, since then, I have amassed a fair few properties, in light of how I got done over, I have put them in my twin brothers name, who is gay, and has never been nor wants to be in a stable relationship, we have a typical twins relationship,and are joined at the hip,
just assuming my brother stays single and doesnt run a business or get sued etc,
is this a good way for a lamans man to be able to protect himself? properites are mostly cashflow positive ,overall positive, but once you take into consideration maintenance etc. the postiive cashflow is quite minimal, to an extent that I let him keep it
Im sure kerry packer and nathan tinkler have a million ways to protect themselves, but whats the easiest way for some joe like me to do so?
for the record, for the less expereinced(lucky for you)
- BFAs and pre nups are pretty useless in this country, its more of a US thing, judges can easily overturn it if they feel its warranted
- the longer the marriage/defacto goes on, the less the argument what he vs she brought in into the relationship becomes less valid as a general rule
- in the eyes of the law, the female is entitled to continue to 'live a lifestyle she is accustomed to"
- actions such as opening a combined bank account, having her mail redirected to your house, sleeping in the same house, sleeping in the same room, all contribute against
- even things like her having her separate room, having a lease agreement,even taking a photo together may only help slightly
im not trying to start a gender war here, the above is teh facts, ive been burnt once before, I have 10x more to lose this time, so I will protect myself
what are other reasonable ways that I can protect myself and my kids future
anyway, enough with the nasties, Ive gotten over it, lucky she only got 70% which was $50k, because she thought she could hide the $70k odd in her personal credit card debt amassed from shopping, plus I had just started a business which was at its infancy stage
ok, since then, I have amassed a fair few properties, in light of how I got done over, I have put them in my twin brothers name, who is gay, and has never been nor wants to be in a stable relationship, we have a typical twins relationship,and are joined at the hip,
just assuming my brother stays single and doesnt run a business or get sued etc,
is this a good way for a lamans man to be able to protect himself? properites are mostly cashflow positive ,overall positive, but once you take into consideration maintenance etc. the postiive cashflow is quite minimal, to an extent that I let him keep it
Im sure kerry packer and nathan tinkler have a million ways to protect themselves, but whats the easiest way for some joe like me to do so?
for the record, for the less expereinced(lucky for you)
- BFAs and pre nups are pretty useless in this country, its more of a US thing, judges can easily overturn it if they feel its warranted
- the longer the marriage/defacto goes on, the less the argument what he vs she brought in into the relationship becomes less valid as a general rule
- in the eyes of the law, the female is entitled to continue to 'live a lifestyle she is accustomed to"
- actions such as opening a combined bank account, having her mail redirected to your house, sleeping in the same house, sleeping in the same room, all contribute against
- even things like her having her separate room, having a lease agreement,even taking a photo together may only help slightly
im not trying to start a gender war here, the above is teh facts, ive been burnt once before, I have 10x more to lose this time, so I will protect myself
what are other reasonable ways that I can protect myself and my kids future