Gossip and speculation, this judgement will have an impact on short marriages. Yet my question continues to be, "How will the judgement on this high profile, high finance marriage affect the majority of people"
After 4 years of marriage the majority of us will leave that marriage, with half of what has been created together, and often that is very little, as I keep saying to people, divorce is very expensive and most people are financially worse off after a divorce than when living together.
The legal eagles seem to be saying, this is a test case for future reference, but for the majority of us this settlement will have no impact at all.
However as many of us are entering second and or even third marriages and may have created a level of security and wealth prior to marriage, this judgement could have an impact on, what part of previous wealth can be taken into account when divorcing.
I have worked with several couples who have lost out on finances that were created before the marriage took place, and this has created a lot of acrimony and anger.
For me the question is should a short marriage be so profitable for anyone who has not been a part of creating that wealth. How can people protect what they have established and feel free to marry, knowing that they will not loose financially.
Divorce has become such a common occurrence that there has to be some sense of the financial settlement people will receive based on the length of time it has been in place and dare I say it have some recognition of what people bring into the marriage.
Not a romantic idea I understand, however I worked with someone who married for the second time later in life and divorced after 5 years and one son and she got half of his accumulated wealth, half of his pension, he had been a civil servant for all his working life and at 59 she also got half of his retirement funds, so after early retirement had to start a new life with very little. He has to pay maintenance until his son has finished education, by which time he will be roughly 82.
Needless to say he is very angry at the unfairness of this situation, and feels that he has nothing to show for his life of hard work, yet his younger ex wife has more than him and will be able to establish herself again.
Not a wealthy man to start with he is now on the breadline.
The divorce laws need to reviewed to make more fair and balanced decisions. Most of us know people who have been treated very badly by the legal system.