During a marriage, many couples come to share most aspects of their life with their partners, such as children, finances, and possessions. And for some married couples, they also share in the ownership or operation of a business or commercial venture. While balancing married life as both business and romantic partners has proved successful for many couples, for some, it has ended in divorce. What happens when business partners divorce? Working out who gets what in any divorce can be … [Read more...] about When Business Partners Divorce: What are Your Options?
Marriage preparation or beginning a new defacto relationship can be a wonderful and exciting time, with much to plan and prepare. But there are important things to consider. There are bound to be new financial responsibilities and obligations, particularly if you are bringing substantial assets into the relationship or have responsibilities for children of prior relationships. If you don’t think about these issues, they may come back to haunt you. Four things to consider before you take the … [Read more...] about Marriage Preparation: Before You Take The Big Step
No doubt about it, we’re a multicultural nation. To prove the point, Australia was recently ranked as the second most multicultural nation in the world, after Luxembourg. Almost 50% of Australia’s population was either born overseas or has a parent who was born abroad. But how has this cultural diversity affected marriage, separation and divorce in Australia? It is a question that affects many Australians. Almost half of Australian marriages involve at least one spouse born overseas. And … [Read more...] about Family Law In a Multicultural Context
Sadly, about one third of current marriages in Australia are likely to end in separation or divorce. Couples in de facto relationships fare even worse; the evidence shows that the separation rate is significantly higher for de facto relationships than for marriages. But most people are willing to give it another go. The great majority whose first marriage or relationship ends, are likely to remarry or re-partner not too long afterwards. The question then arises; do such relationships fare … [Read more...] about Family Law – Getting it right the second time
There is a new Bill before Parliament to strengthen and simplify Pre-nuptial or Pre-relationship Agreements. For those that enter into such agreements prior to marriage, it would be fairer to change their marriage vows to take the other person for better or worse or subject to this agreement. There is no requirement that such agreements be in any way fair. A person can enter into a Binding Financial Agreement by which the other person agrees to have their children and look after them in … [Read more...] about For Better or Worse or subject to this Agreement
Is there such a thing as a ‘good’ divorce? One that’s conducted amicably with fairness to all parties? Or is a divorce doomed to be a difficult and distressing experience, characterised by anger, anxiety, regret (and great expense), so the only sensible course is to look out for number one? It’s easy to be get caught up in a battle of wills so that the divorce ends up just another step in the marital dispute. And as a family lawyer, I’d be the first to admit there is unfortunately a legal … [Read more...] about How to have a good divorce