Episode 20: What's fair when you split your assets?

Dividing assets and property in separation and divorce may seem like a simple equation, but it gets complicated quickly. A 50-50 split may not always be the best outcome. Listen to find out what factors need to be considered in determining a fair property split. In this episode, we talked to Lauren Patford-Smith of Padford-Smith Legal Services about:

• the 4-step process of Family Law
• what assets and debts should you should include in your marital asset pool
• how the length of your relationship and when you acquired assets impact the percentage split
• how financial and non-financial contributions are considered
• how the circumstances of your situation over the life of your relationship affect the split
• what happens when one person has spent time out of the workforce as a primary carer
• how your needs after separation are considered.

Listen here, or listen and subscribe wherever you get your podcasts.

For more information on property splits, check out these resources:

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Disclaimer
The information in our resources is general only. Consider getting in touch with a professional adviser if you need support with your legal, financial or wellbeing needs.