A commonly held fear is that becoming involved with someone results in that party becoming entitled to half of the assets brought into the relationship by the other, upon a later split. Fortunately, there is no blanket approach imposing a 50/50 split.
The portrayal in some U.S. based legal television series, of a pre-nuptial agreement protecting the family fortune of the wealthy intended-spouse from the clutches of the poor one, is simplistic at best.
In this blog we look at the circumstances in which a relationship between two people who aren’t married but live in the same residence, part or all of the time, could be considered to be a de facto relationship under Australian family law.
Child support payments are calculated according to an administrative formula that uses a shared income approach and is based on research into the cost of raising children in Australia.
Can your ex-partner make a financial claim against the assets you divided informally after separation? If your settlement was not finalised in accordance with family law requirements, a second bite of the cherry is possible. And that inheritance or Oz Lotto win received after separation is up for grabs!