Finding the best divorce and separation lawyers will protect you from wrongful actions and injustice intentions. Family law negotiations may involve substantial business interests, trust structures, and corporate business involvement which can complicate financial settlements.
Every case is unique when it comes to family law.
Many are straightforward, but some are more complicated due to the size of the case, substantial business interests, trust structures, corporate business involvement which can complicate financial settlements.
There are also many other contributing factors that would indicate that you have a complex family law case.
For example:
- Very large property asset pool
- Hidden assets
- Lack of disclosure
- Family trusts implemented together as a couple
- Self managed superannuation
- Loans to family members
- Gifted assets
- Farms and grazing properties
- Complex business structures
- Where other parties are involved
- Debt
What is considered property in a property settlement?
In family law, property involves all items of value relating to your relationship. All assets, liabilities and resources owned, shared and disposed of following separation by you and your former partner will be considered.
This includes:
- Your bank account balances
- Your house/s and your car/s
- Any investments, shares or trusts that you are involved in
- Any gifts or inheritances that you have received
- Your superannuation
- Any loans or other liabilities (including credit card debt)
As one of the best divorce and separation lawyers, our principal lawyer, Deanna Elsner is experienced in educating and guiding clients through these complex settlements and helping you achieve the best outcome possible.
Deanna can read and understand complicated financial statements, business valuations, and business structures and problem solve to find a solution for your individual needs.
How is property dealt with in a complex settlement?
In a similar way to other property settlements. Every family law case is based on its individual circumstances. Whilst some cases are straightforward, others are more complex. Complicating factors that come into play in family law include company structures, shared assets, self-managed super funds and family trusts. Other matters can include farming and grazing properties, large amounts of money (for example inheritances, injury payouts, gifts, valuation issues and disclosure issues.
What will a Court take into consideration in a complex property case?
- The state of health of the parties
- The wishes of a party to maintain their role as a parent
- Financial commitments of the parties
- The extent to which a party has contributed to the earning capacity of the other party
- The earning capacity of the parties
