Divorce - sometimes bad decisions just make things worse
Discussion
Not one from personal experience (thankfully), but rather a guy that I used to work with.
His missus decided that the builder was a better option than he was (she might have a point but that's a different story
). Anyway, the inevitable divorce comes about, and he has to make a choice of giving her the house, or the shares that he had built up over 20 years employment. Both were broadly of the same value - about £350,000. So matey chooses the equity, and cedes the house to her and the kids.
Roll forward 18 months, and the share price goes into free fall. His his £350k very quickly turns into £50k. Talk about getting f
ked all ways up. Poor bloke.
So over to you. What stories of misery compounding misery do you have?
His missus decided that the builder was a better option than he was (she might have a point but that's a different story
). Anyway, the inevitable divorce comes about, and he has to make a choice of giving her the house, or the shares that he had built up over 20 years employment. Both were broadly of the same value - about £350,000. So matey chooses the equity, and cedes the house to her and the kids. Roll forward 18 months, and the share price goes into free fall. His his £350k very quickly turns into £50k. Talk about getting f
ked all ways up. Poor bloke. So over to you. What stories of misery compounding misery do you have?
Rocksteadyeddie said:
So over to you. What stories of misery compounding misery do you have?
There was one in the paper the other day about a bloke whose mrs was divorcing him so rather than give her the house he decided to torch it.He didn't realise he'd spilt some of the petrol onto himself so when he lit the match he went up and the neighbours found him screaming in the garden half dead.
That's pretty damned miserable.
However you play it, SHE will always win...
The State, the Court and sodding luck make it so....
Still, there's always the chance she'll get a good hiding in the next life...
Or come back as a sheep in the land where men are men and sheep get shagged every Friday night and twice on St David's day...
The State, the Court and sodding luck make it so....
Still, there's always the chance she'll get a good hiding in the next life...
Or come back as a sheep in the land where men are men and sheep get shagged every Friday night and twice on St David's day...
T_Pot said:
Rocksteadyeddie said:
but it's very difficult to mark a £100k loss when you believe you'll get it back.
was it any easier marking the 300k loss? my only thoughts are, how your mate made 700k in the first place, he doesn't come across as the sharpest knife in the rack to be honest imo
You are quite correct though. He is a plank.
T_Pot said:
stupidity has no bounds does it
if he sat back and watcvhed 350k melt down to 50k he really has no one to blame does he?
hardly her fault either, if house prices fell again and her house was now 250k, would he have been the bad egg?
The shares may not have vested or may have been subject to certain trading windows.if he sat back and watcvhed 350k melt down to 50k he really has no one to blame does he?
hardly her fault either, if house prices fell again and her house was now 250k, would he have been the bad egg?
He would have lost the money anyway. Its a tough result, but he made his choice. Divorce is tough financially, but in the end, the big issue for me was how to keep a good relationship with my son later in life. So I have her everything. 100%. She never had to move or make financial sacrifices. I went on a restarted my life and made some more money ultimately. I have a great relationship with my son who is now 26. Money is not the only thing.
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