YOU hear the same old story trumped out a lot, the woman who was happily married to a well-off man in a wealthy suburb, has three young children then all of a sudden, he moves out.
Turns out, he is in love with someone else, and cuts off his wife financially, to try to blackmail her into accepting his settlement terms so he can run off, scot free with the nanny, secretary or woman he met on the plane.
Not many people feel sorry for his wife, as her friends and colleagues probably think she was so well off that she doesn’t need any help. She finds herself completely broke, alone and emotionally devastated. It’s even worse when her husband is for example, a lawyer and honestly thinks her contribution to their life as a stay at home mum (which he insisted on) is really not much of a valuable contribution. He thinks that she really doesn’t deserve much of his hard earned cash as really she is worth little more than a house maid.
Unfortunately, this happens a lot. Just because someone does not have the power over the money or the high earning job and is therefore in a weaker position does not mean they have to take whatever pitiful settlement the ex husband offers her.
Enter the modern day Robin Hood for divorced women. There are now funds that will lend damsels in distress money to fund their life until their settlement or for reasonable legal representation so they can ensure they get their fair entitlements. These funds are expensive but not for long and if you get a much better settlement because of it, then of course can be well worth it.
One such fund run by Brendan Lyle, has many happy customers, and over 90% are women. It is good to know these people exist to help women in their hour of need. Again if the settlement is not likely to be much then it may not be worth doing, but if there are substantial assets at stake then it can be worthwhile.
You can speak to someone at any one of these funding places to find out. By Virginia Graham a finance broker from www.modelmortgages.com.au