Dividing assets and property in separation and divorce may seem like a simple equation, but it gets complicated quickly. A 50-50 split may not always be the best outcome. Listen to find out what factors need to be considered in determining a fair property split. In this episode, we talked to Lauren Patford-Smith of Padford-Smith Legal Services about:
- the 4-step process of Family Law
- what assets and debts should you should include in your marital asset pool
- how the length of your relationship and when you acquired assets impact the percentage split
- how financial and non-financial contributions are considered
- how the circumstances of your situation over the life of your relationship affect the split
- what happens when one person has spent time out of the workforce as a primary carer
- how your needs after separation are considered.
Listen here, or listen and subscribe wherever you get your podcasts.
For more information on property splits, check out these resources:
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The Separation Guide aims to make separation and divorce simpler, more manageable and less stressful. To find out more about how one of our Network Members could support your separation, take our free 3-minute Q&A.
Disclaimer
The information in our resources is general only. Consider getting in touch with a professional adviser if you need support with your legal, financial or wellbeing needs.
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