In step two of the four-step process, we take a close look at the parties’ contributions to the relationship.
Once step one of the four-step process has been completed, this is when we can commence step two.
Assess the contributions that have been made to the current property pool. This is regardless of it is a global approach or a piecemeal approach. You can find all of this in section 794 of the family law act for married parties and section 90sm4 the defacto parties.
There are three categories that are recognized, according to the family law act.
1. Financial contributions;
2. Non-financial contributions; and
3. Parenting and home-maker contributions.
Caralee also breaks down the financial contributions that occur three different times in your relationship.
· Initial contributions;
· contributions during the relationship; and
· post-separation contributions.
Listen up as the Director of Collective Family Law Group dives into what each of these terms means and how it may affect your Family Law matter.
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. https://lawtap.com/au/law-firms/collective-family-law-group