Listen up as the Director of Collective Family Law provides for an analysis of the following:
1. THE PROPERTY POOL – What assets, liabilities and financial resources there are of each party, joint or separate (the “net property pool”);
2. THE CONTRIBUTIONS – What each party has contributed to those assets, liabilities and financial resources before the commencement of cohabitation, during the relationship and post separation, and financially, non-financially and as parent and homemaker (in percentage form);
3. THE FUTURE NEEDS – What the ‘needs’ of each party will be moving forward post separation (resulting in a percentage adjustment from point 2 above); and
4. THE JUSTICE & EQUITY – Whether the assessment at points 2 and 3 above, and the transactions that will allow for that assessment to be implemented, are just and equitable for both parties.
The above steps are unpacked and explained in separate podcasts. If you would like the four step process explained to you and applied to your special circumstances, we offer a free initial consultation where one of our solicitors will walk you through this process.
We hope this podcast was helpful to you and remember, you’ve got this!
Listen to the podcast here.