Wednesday, May 24, 2006

Marriage and Divorce: the true cost


It's always been said that the only people who really profit by divorce are the lawyers, but now the House of Lords has issued its landmark ruling on how the marital pot should be divvied up on divorce, and confirming that the role of the wife as home maker and mother is of equal financial value to the partnership as that of the breadwinner. Divorcees of millionaires can expect handsome divorce settlements, million pound houses and even a seriously generous income for life. It's one up for the feminists and one in the eye for evil (male) investment bankers/pop singers/idle rich, etc out there who thought a short and childless marriage would not seriously damage their pockets.

Am I the only one who sees this as yet another nail in the coffin for marriage as an institution? We've abolished the married couple's tax allowance, created a gravy train for single mothers, belittled the importance of the actual ceremony with our civil partnerships and all the while, ensured that prenups are pretty much unenforceable in this country. So, if you are a millionaire, or even if you are not, I suggest you think very carefully about the financial consequences of marriage before tying the knot.

1 Comments:

Blogger Serf said...

You are not the only one.

I am a traditional type of chap (celebrating 10 years marriage today as it happens) and I think that a long marriage that breaks up should see a wife who has supported a rich husband (or not so rich) being seen as an equal partner.

The idea however that she always gets half is a travesty of justice as well as scaring people away from marriage. Moreover a Prenup is a voluntary contract between two people, who should have to stick with it when things go wrong.

12:40 AM  

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