Skip to content
Back to Blog
Family Law calendar    Sep 06, 2016

Family Law: The Impact of Third Party Support - Part 2

In this blog post, we consider how your family law property settlement might be impacted if you are being supported by a third party.

If you are separated or separating, it is important to consider how third parties may impact your family law matter. In this blog post, we will consider how your property settlement might be impacted if you are being supported by a third party.

 Who is supporting you?

If you are being supported by a third party, it will likely impact your family law property settlement. Commonly, parties may be supported by their parents, independent children or a new partner.

 Why does this matter?

Often, parties who receive third party support have minimal income and may be on government benefits. Beyond the requirement to disclose this support to the government, family law also requires you to disclose any support you receive from a third party.   

 If a third party is supporting you it may mean that you have more resources than you would otherwise have if you were not supported. As such, your third party supporter may be listed as a financial resource when drawing up a balance sheet of the property pool in question. Financial resources are counted against future needs. Consequently, your future needs may diminish since you have an alternative source of income.

 However, it is important to realise that family law is more complex than just one factor. There are many other factors which may influence your family law property settlement or parenting matter if a third party is involved.

 If you have a family law matter, concerns about third party support or questions about family law and separation in NSW and want to find out more please do not hesitate to contact us on 9688 6023 or email us at info@franklegal.com.au.

 Contact The Family Law Team For A  Free First Conference

This article is provided to the reader for general information. It is not legal advice. It was written by Andrea Spencer & Emily Graham and edited by James Frank.

 

 More from the blog:

The Impact of Third Party Support - Part 1

How Family Law might imapct your finances

Family law, Separation, Family Law Lawyer, Financial considerations, financial impact, child support, children

frank law-16

Subscribe to our newsletter

 

Latest Articles

Thursday Thoughts for SMEs – When buying a business, beware of the contracts.

Thursday Thoughts for SMEs – When buying a business, beware of the contracts.

Thursday Thoughts for SMEs – When buying a business, beware of the contracts.

Thursday Thoughts for SMEs: Want to sell well? You should have started 2 years ago.

Thursday Thoughts for SMEs: Want to sell well? You should have started 2 years ago.

Thursday Thoughts for SMEs: Want to sell well? You should have started 2 years ago. Why it is important to prepare a business exit.

Thursday Thoughts for SMEs: You want to sell well, then buy first.

Thursday Thoughts for SMEs: You want to sell well, then buy first.

Thursday Thoughts for SMEs, Why you should buy first if you want to sell well.