Simone Richardson

Wealth Adviser

Tag: Divorce

Protecting yourself from STDs…


At 28 Sally contracted her first STD. It was a long and painful process to get over and she’s doing much better (thank-you for asking). One thing she learned from her experience is that prevention is better than cure.  Surprisingly, STDs are more common than you think!

“Sexually transmitted debt” is when you become liable for your partner’s debt as a result of your marital or de-facto relationship, rather than a conscious acceptance of the debt. It can arise in a relationship in a number of contexts, for example, when you provide an “all monies” mortgage or if you guarantee your partner’s loan. STDs commonly arise when one party incurs debts during the relationship (for example by not paying their taxes, by gambling large sums of money or through bad investments) and the other party becomes liable for a share of those debts.

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Prenups… Just for celebrities?

prenup image

While it appears it’s a prerequisite in Hollywood to attach a prenuptial agreement with a marriage certificate, do everyday couples need a prenup (or binding financial agreement)?

Generally speaking, Australians are marrying later, meaning they have worked for longer and accumulated assets in their own name including property, cars, superannuation and other investments. The future ownership of these assets – particularly when one partner brings more assets than the other into the relationship – can be a challenging situation for couples to deal with.

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