The starting point of any property settlement process is to assess what the property pool actually is to decide what the distribution to each party will be. It is not until we know the true property pool that we can consider any of the other three steps in the four step process. More importantly, if the true property pool isn’t known, it is impossible to assess if an outcome is just equitable.
Often in a property settlement, the below can be unknown.
Listen as Caralee breaks down exactly what each topic means for you:
1. The property pool is ALL assets, ALL interests, and ALL liabilities held by the parties;
2. It doesn’t matter how the property got there, and it doesn’t matter where the property is located;
3. Disclosure might be needed to verify things such as superannuation etc;
4. Independent valuations may be needed:
To discuss this in relevance to your Family Law matter, Hit the link to book your first free initial consultation with Collective Family Law Group.