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Property Settlements and the Property Pool
Manage episode 358610956 series 3457176
Вміст надано Matthew White and Resonance Media Agency. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Matthew White and Resonance Media Agency або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Episode 2- The Property Pool
Divorce is never easy, even when it's amicable and on this podcast our two family lawyers Alex and Liza will attempt to bring some clarity to a murky subject.
In Episode 2, Alex and Liza discuss "The Property Pool". When a relationship ends it doesn't take long for the topic of property to be broached. The property pool is a lot more than just your house and any investment properties you may have, it includes assets, super, inheritances, pets, cars and shares.
The Court is tasked to settle upon a fair and equitable outcome for both parties in the context of their marriage. Calculating this starts with an assessment of total assets, subtracting any relevant liabilities owed by either party. This calculation weighs a variety of factors - direct financial contributions by each spouse like salaries, indirect donations from family or friends, non-financial implications such as homemaking or child care duties; even accounting for projected needs based on age/health situation and earning potential post settlement order conclusion.
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