Bankruptcy and Family Law: What Happens If My Ex Becomes Bankrupt? If your ex becomes bankrupt, it is crucial to know how bankruptcy and family law intersect and what financial impact their bankruptcy will potentially have on you and your children. With many Australians currently finding themselves out of work, the incidence of people …
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Divorce, Property Division and The Erosion Principle If you are looking to get a divorce, you may have been advised that your initial contributions may be subject to the family law erosion principle. While a divorce will legally end your marriage, it does not necessarily end disagreements about property division or child custody. This …
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Can my ex claim my inheritance? If you receive an inheritance over the course of your relationship, that inheritance may be included in you and your ex’s asset pool. If one of the parties receives an inheritance during the course of the relationship, then the inheritance will be considered as property in a property settlement …
The Federal Circuit Court in Sydney has introduced the ‘Discrete Property List’ designed to streamline matters that are for financial orders only. The purpose of this is to promote a just resolution of disputes with minimum delay and expense. Previously, property cases have been listed before a judge of the Federal Circuit Court on the …
When going through a property settlement, you should understand how capital gains tax and family law property settlements intersect with one another. Property settlements in family law take into account a range of aspects of the parties’ financial situation. Capital gains tax is rarely at the forefront of a separating couple’s mind when deciding …
Although a property settlement is a common occurrence, property settlement outcomes are never the same. A short marriage property settlement can be quite different from that of a long marriage. Marriages end at different times and in different places, and each short marriage has its own specific circumstances and individual aspects to take into consideration. …
In a divorce, the division of marital assets can become a highly contentious issue, especially if you and your former spouse are disputing the importance of your inheritance and divorce. Inheritance and divorce do not always work particularly well together and can cause much conflict. The best way to ensure things run smoothly is to …
Dividing marital assets at the end of a relationship can be quite straightforward, but how do the courts look at gifts and divorce? It is not unusual for parents to give their adult children significant gifts to help them get ahead in the property market, to go on a holiday or perhaps to assist with …
Divorce can be hard enough without it involving your business and livelihood. For many Australian couples, divorce and business mix, and this leads to big questions and big decisions about the business they run. Lots of people run businesses, whether these are start-ups, small businesses, local business or multinational companies. The entrepreneurial spirit is thriving, …
When Your Ex Won’t Move Out It is easy to think of separation as exactly that: a breakdown of the relationship and therefore a physical separation as one or both parties move out of what was once their family home. Sometimes, however, that matrimonial home becomes a battleground as ex-spouses decide to separate but then …
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