Income, Expenses, and Savings During Divorce: What You Need to Know
Release Date: 10/08/2024
Super Split Myths: Why Equalising Isn’t Always Fair in Divorce
The Divorce Course Podcast
🎧 Listen to This Episode If You: 💼 You're negotiating your super split after divorce in Australia 🧐 You've been told “let’s just equalise super — it’s fair” 😵💫 You’re confused about what super is worth vs. cash 💸 You’re worried about being left worse off long-term 🧾 You’ve made non-financial contributions (like parenting or homemaking) ⚖️ You want to make sure your property settlement is legally fair 👀 You suspect you’re being pressured into a bad deal Are you about to deal with your superannuation in your divorce or separation? Before you sign...
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Divorce Deals 101: What to Know Before You Make or Accept a Deal With Your Ex
The Divorce Course Podcast
One of the most underestimated parts of separation are— settlement offers. Whether you’re negotiating parenting arrangements, property division, or both, knowing how and when to make (or respond to) an offer can save you stress, time, and serious money. We break down how settlement offers work, when to consider using Calderbank letters, how Section 117C of the Family Law Act affects legal costs, and the emotional traps that can trip you up during negotiation. We also talk about avoiding lowball traps, the risks of ignoring offers, and what to do if you’re dealing with an avoidant or...
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What the 2025 Family Law Divorce Reforms Might Mean for You
The Divorce Course Podcast
Major Changes Are Coming to Family Law in Australia – Here’s What You’ll want to Know In this episode, I sit down with my mum Lyn, our favourite straight-talking family lawyer—to unpack the biggest Family Law changes coming into effect on June 10, 2025. We dive into how these legal reforms will impact property settlements, family violence considerations, companion animals (yes, pets!), financial disclosure rules, and more. Whether you’re currently separating, in court, or supporting someone going through it, these new laws could change the game for you. We also break down why...
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Beyond 50/50: Creative & Legal Ways to Settle Property in Divorce in Australia
The Divorce Course Podcast
Are you trying to figure out how to divide the property after your separation or divorce? In this eye-opening episode, I sit down with my mum, but also an experienced family lawyer — and we walk you through the eight most common ways people settle property in Australia. Whether you’re hoping to keep the house, want a clean break, or are totally confused by super splitting, we’re breaking it all down for you. From simple percentage splits to creative asset swaps — and even the risks of doing absolutely nothing — this episode is your go-to guide for understanding your options. If...
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Child Custody In Divorce: The 10 Most Common Questions
The Divorce Course Podcast
In this eye-opening and practical episode,a seasoned family lawyer helps to unpack the 10 most frequently asked questions about child custody in Australia. Whether you're fresh out of a breakup, preparing for court, or trying to figure out what your rights are, this episode is packed with general education and emotional clarity every separated parent needs. From understanding how courts decide who gets custody, to navigating situations involving domestic violence, high-conflict co-parents, and parenting plans this episode helps you gain a better understanding of what's what in child custody...
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What your Lawyer Might Forget to Tell You: Unlocking Funds Before Divorce PROPERTY SETTLEMENT is Final
The Divorce Course Podcast
Feeling trapped in limbo while waiting for your property settlement to go through? You’re not alone — and there may be a way out. In this episode, I’m joined again by my mum, Lynette Galvin — a family lawyer with over 35 years of experience — and we’re talking about a powerful but underused legal option called early distribution of funds. This is a game-changer for anyone financially stuck during separation. Whether you’re separated under one roof, struggling to pay rent, or locked out of joint funds, this episode is full of practical ideas to help you understand some options....
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Are You a Victim of FINANCIAL Abuse? Signs You Shouldn’t Ignore & What the New Laws Might Mean for You
The Divorce Course Podcast
Are you? Learn about the signs of economic or financial abuse, hear some real-life examples of how economic abuse manifests in relationships and practical steps you can take to protect yourself and your financial future. Find out how it is legally recognized under the Australian Family Law Amendment Act 2024, and why it’s considered a form of coercive control. Also find out about the new laws effective from June 2025 and how they impact property settlements and financial disputes. 🚨 Trigger Warning: This episode discusses economic abuse and coercive control, which may be distressing...
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Divorce Myths That Could Cost You – Debunked!
The Divorce Course Podcast
Think you know what divorce looks like in Australia? Think again. In this episode, we're busting some of the most common myths that trip people up emotionally, financially, and legally during separation and divorce. Whether you’re at the start of your journey or knee-deep in negotiations, these misunderstandings could be holding you back or costing you big. Join Laura and her mum, Lynette Galvin — a family lawyer with 35+ years of experience — as they unpack 13 myths they hear all the time, including ones that cause fear, confusion, and prevent people from getting what they’re entitled...
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Is Your Ex Hiding Assets? How to Uncover the Truth in Divorce Disclosure
The Divorce Course Podcast
💰 Is your ex hiding assets? Are they draining joint accounts, concealing super, or transferring money to family and friends? You're not alone, and there are legal ways to uncover what's yours. Learn about the most common ways people try to hide assets in divorce, including trust funds, cash jobs, disappearing assets, and hidden overseas accounts. Find out how the Australian Family Court courts handle these cases, what legal tools you can use to track down missing assets, and what to consider doing before mediation or family court. If you’re frustrated by a lack of financial disclosure or...
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Is It Emotional Abuse? How to Identify & Protect Yourself in Divorce
The Divorce Course Podcast
Explore the tactics abusive partners use to maintain control, how emotional abuse can impact divorce and custody proceedings, and—most importantly—how to protect yourself, rebuild your confidence, and move forward with clarity. When emotional abuse in your relationship or divorce, it becomes confusing, isolating, and overwhelming. Many people don’t realize that abuse isn’t always physical—disrespect, manipulation, and control can be just as damaging, especially during separation. In this episode, we’re joined by Krasi Kirova, a clinical psychologist specializing in complex trauma,...
info_outlineWhat happens to your income, expenses and savings in the time between breaking up and official separation and getting final property orders? In this episode we take a look into what happens to your income, expenses, and savings during this in-between period. We discuss how the Family Court of Australia usually treats savings, the importance of documenting expenses, and how your wages may be considered.
Whether you’re squirrelling away savings, managing a joint account, or figuring out how to navigate expenses after separation, this episode provides crucial insights to help you protect yourself during property settlements. They also tackle the concept of "ad backs" and when they might apply. Please note that this is a general discussion and everyone’s situation is different so please do not make any legal decisions based on this podcast discussion, always see a lawyer who knows the full facts of your case before making any decisions.
Listen to This Episode If You:
🌟 Are confused about how savings are treated during the divorce process.
❓ Want to know how to manage expenses and income between separation and property settlement.
💡 Need to understand what happens to wages after separation.
🛡 Are unsure about how to protect yourself from your ex draining joint accounts or going on spending sprees.
📚 Want to learn how to document expenses and safeguard your assets in case of high-conflict situations.
Key Ideas Discussed in This Episode:
Savings and Property Settlements: How savings accumulated between separation and final property orders are sometimes handled.
Income and Wages Post-Separation: What can happen to your wages after separation and why it’s sometimes crucial to separate your accounts.
Reasonable Expenses: What the family court may consider as reasonable expenses during this period, from bills to childcare and beyond.
Ad Backs Explained: Understanding what an "ad back" is and how it might affect your settlement if your ex has spent joint money.
Documentation Is Key: The importance of tracking and documenting all financial transactions during the divorce process.
Handling Joint Accounts: Ways to protect yourself from joint accounts being drained and what you can do if this happens.
High-Conflict Tips: Strategies for protecting yourself financially when your ex is manipulative or controlling. Links & Resources Mentioned in the Podcast:
Related Episodes: Navigating the Mortgage Minefield in Divorce https://open.spotify.com/episode/4wPp... Help My Ex is spending all the money https://open.spotify.com/episode/32WS... Record Keeping: Protecting Yourself https://open.spotify.com/episode/4tNr... Protecting yourself from Darvo https://open.spotify.com/episode/0Jyf... Debt Episode https://open.spotify.com/episode/074h...
Free Resources: Go to www.thedivorcecourse.com.au
Emergency Contacts: WOMEN'S SHELTER SERVICE LEGAL AID Lifeline: 13 11 14 Mensline Australia: 1300 789 978 Kids Help Line: 1800 551 800 Aboriginal Family Domestic Violence Hotline: 1800 019 123 Relationships Australia Police: 000 DVConnect Womensline: 1800 811 811 (24 hours, 7 days a week) DV Connect Mensline: 1800 600 636 National DV line: 1800 737 732 (1800 RESPECT)
Thank you for tuning in to this episode about managing your income, expenses, and savings during the separation period. We hope this episode provides the knowledge and tools you need to protect yourself during the often tricky period before property settlement. If you found this episode helpful, please rate, review, and subscribe. Your support helps others find the guidance they need. Stay strong and take care. Disclaimer: This podcast episode provides general legal education for Australians and is not a substitute for legal advice. Every situation is different, and it is important to seek independent legal advice tailored to your specific circumstances.
00:00 Introduction to Divorce & Money 01:31 Understanding Savings During Separation 03:08 Expenses and Their Impact on Property Settlement 06:04 The Concept of Ad Backs in Divorce 16:27 Managing Wages and Income Post-Separation 20:46 Understanding Financial Responsibilities Post-Separation 22:34 The Importance of Documentation and Mediation 24:21 Strategies for Managing Financial Manipulation 29:28 Navigating Government Support and Property Pools 32:45 The Role of Reasonable Living Expenses in Settlements 34:54 Proactive Steps for Financial Security 38:50 Final Thoughts