Hello, my name is Robin and I own a medium sized business which is based in a suburb of Perth, Australia. Many business owners do not understand the importance of commercial law on their operations. I know that I certainly didn't when I set out. At first, this wasn't an issue but as my business grew, I realised that if I didn't teach myself about the legal rules in place and seek expert help, I would find myself in serious trouble. I got in touch with a great law firm who helped me to understand exactly what I needed to know. I decided to start this blog to help other business owners.
Divorces are a sad and emotional time for most people and one where tempers can flare easily due to the increased tensions. If you are going through a divorce, you will need to think about how your combined assets and items of monetary value will be split up fairly. There is simply no way for you to do this on your own, as there will always be some conjecture on exactly what is 'fair', which is why you should use a family lawyer. Family law is based primarily around divorce and surrounding issues, such as guardianship of children and the divvying up of financial assets.
Before you even get to a stage where you can divide up your assets you need to have them fairly appraised. This is easy to do with some items, such as your stocks, cash accounts and savings, while others might be more complex. Cars, property, antiques and even retirement plans can all be part of your combined assets and you need a fair and just adjudication of what each belonging is worth. Often these are the main matters being discussed during legal battles in court, so getting their value assessed early by a neutral family lawyer can save you a lot of time and trouble.
Inspection Of All Premarital Agreements
If there were any prenuptial agreements to speak of, whether they were fully inclusive or just partially relevant, now is the time a family lawyer should see them. This can save time and effort by providing an iron-clad legal right for one member to some of the combined assets. Most lawyers would advise some sort of premarital agreement between couples. they may even recommend keeping separate bank accounts for most purchases just because it is easier to keep track of everything. However, even without these documents, you can still get a fair adjudication through the hard work of some family lawyers.
Working Out Past Commitments To Joint Wealth
Understandably, taking these steps does not mean that whoever put the most into the shared bank account gets the largest portion, as this working out of past commitments to your combined assets can take into account a lot of non-financial efforts. For example, if one took care of the home and private business for both parties so that it allowed the other to work and pursue their career, then the split of assets should reflect that circumstance. This is where it can get tricky, and why having expert help is so necessary. Trying to work out what each of your value was to the marriage was is impossible to determine from within the relationship, so get a lawyer and let them go through all the complex details.
Contact an attorney for more information regarding family law.