When you come to think about what is a just and equitable property settlement in your situation, you will probably quickly conclude that the law seems to provide you with very little guidance. Your research has led you to understand that your property settlement should be “just and equitable” but how do you translate this into an actionable percentage (%) or dollar ($) amount?
In a previous blog post about how assets are divided in a divorce property settlement, we touched on the concept of the relationship property pool. Now we take a deeper look at what goes into the property pool. All property of the relationship is considered part of your ‘property pool’. The net asset pool is …
A common family law question is, how are assets divided or split in a divorce in Australia? Perhaps the main thing to realise is that the divorce itself does not divide your assets and money automatically. You can go to court to get your divorce order, but all you are getting is the legal dissolution …
