How the Family Court Treats the Property of the Mega-Rich

By Michael Paul, Special Counsel Most very wealthy persons who have suffered a marital or relationship breakdown avoid having a hearing in the Family Court.  They are too smart for that and usually mediate their differences with the assistance of their lawyers and a growing band of retired Judges who provide a mediation service.  This is
Read more…

Protecting Your Assets

Amendments to the Family Law Act 1975 (the “Act”) took effect in December 2000 which permitted couples contemplating marriage to enter into a binding financial agreement (“BFAs”) before the marriage to determine how their property would be divided in the event of their marriage subsequently breaking down. Up until this significant amendment to the Act,
Read more…

Till Death Do Us Part……No ring, No worries!

Do all de facto couples want the consequences of marital financial obligations imposed upon them? How can parties to a de facto relationship protect their assets? On 1 March 2009, the Family Law Amendment (De Facto Financial Matters and Other Measures) Act 2008 took effect, resulting in the jurisdiction of the Family Courts being extensively
Read more…

Who Gets to Keep the Family Home?

In a recent decision of the Federal Magistrates Court of Australia, Bateman v Gaffney [2010] FMCA FAM 103, the Court was asked to determine which spouse should get to keep the family home, in circumstances where both spouses had sought from the court an order that they be given the right to buy out the
Read more…

Little known facts about Spousal Maintenance

Not many of us realise when we enter into a marriage, or a de facto relationship, that in certain circumstances, a spouse may be liable to maintain the other in the event that their marriage or de facto relationship breaks down. Spousal maintenance is when one person provides ongoing financial support for their former partner.
Read more…

Privacy Policy | Terms of Use