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.
What is Split Happens - Divorce Down Under?
Welcome to Split Happens, where we dive into all family law matters. Hosted by Alex and Liza, two experienced professionals, the podcast offers an insightful and sometimes entertaining look at the intricacies of family law. Exploring difficult subjects involving kids, money and property, to help you navigate the complex world of family law. Join us each week as we tackle a new topic and uncover fresh perspectives on an often daunting subject.