For a Court to make a just and equitable decision about how a property pool is to be divided, it must first know what there is to be divided, which is often referred to as the “net asset pool”. To work out the net asset pool, parties must either agree on values of each asset and liability in the pool or, if an agreement cannot be reached, must prove to the Court that their asserted value is accurate.
Technology facilitated abuse, or ‘cyber-abuse’, has become a serious issue in the computer age. The stress of separation can sometimes cause a spouse to express their frustration over social media. But where is the line between venting and cyber-abuse? How do you go about protecting yourself from a cyber abuser?
Before applying to the Court for consideration of parenting proceedings there are a number of different steps parties must follow before the Court will consider their matter.
When property is transferred as a result of Orders made by the Family Court, Capital Gains Tax (CGT) can be deferred until the property is ultimately disposed of. This means that CGT usually doesn’t apply to any property transferred in a family law matter.
Wedding and engagement rings can sometimes form the basis for an expensive and contentious issue in separation matters. Parties often wonder whether the rings are given some special status due to their symbolic value in the marriage or engagement.