Financial contributions made by each spouse are an important consideration in determining the contents of the asset pool.
Financial contributions are any monetary contributions to the marriage. These include contributions made:
Career assets are also considered as a financial contributions. These include income, and payouts of long-service leave and redundancy. Companies of the spouses are a separate entity to each spouse and are not included. Read More
Notional assets can be taken into account as a financial contribution. Notional property includes legal costs and money spent by the spouses on their own pursuits, including gambling. Read More
Such financial contributions are assessed and allocated in a way that the court sees fit, or according to the negotiations and agreement between the party (if no court action is taken).
How can Prime Lawyers help you?
At Prime Lawyers, our family lawyers are experienced in calculating financial contributions and are aware of the impact of these calculations on property settlements. We will assist you in negotiations with the other party to obtain the most favourable result.