Global v Asset by Asset Approach in Property Settlement
Global v Asset by Asset Approach in Property Settlement The Family Law Act 1975 (Cth) of Australia provides a framework for determining the division of assets and liabilities when a marriage or de facto relationship ends. This legislation does not differentiate between “long” or “short” relationships explicitly; rather, it mandates the evaluation of numerous factors, including the length […]
Understanding Cryptocurrency in Family Law
Understanding Cryptocurrency in Family Law The Family Law Act 1975 (Cth) mandates an equitable distribution of marital wealth following the termination of a marriage in Australia. This distribution typically encompasses tangible possessions such as family residences and automobiles, as well as investment assets like superannuation. Nevertheless, the dynamic landscape of the digital world has given rise to a […]
Are overseas assets included in Australian property settlements?
Overseas assets in Australian property settlement In our increasingly globalised society, relationships between people from different countries are more common than ever before. When these relationships break down there will often be issues regarding the parties’ assets will be dealt with particularly where those assets are in different countries. The Family Courts of Australia and […]
What date is used to determine the Asset Pool?
The end of a relationship itself is often a challenging time, which is why in many cases and for a variety of reasons, couples who have separated may let some time pass before they take steps to finalise their property settlement. Identifying the “property pool” available for distribution between a separating couple is an important […]
