When it comes to dividing the net property pool in family law matters, the court considers various factors, including the treatment of inheritances. In this video, we explore the key factors that the court considers when determining whether an inheritance should be included in the net property pool.
One crucial consideration is the timing and nature of the inheritance, as well as the length and nature of the relationship between the parties. Additionally, the court will examine the financial circumstances of the parties, as well as whether the inheritance has been kept separate from other property.
The video also explains the two main approaches the court may adopt when dealing with post-separation windfalls, the global approach and the asset-by-asset approach. The timing of when an inheritance is received is another important factor in the court’s decision, and the video provides examples of how inheritances received before, during, and post-separation may be treated.
It’s essential to understand that each family law matter is unique, and the court’s approach is at its discretion. The video emphasizes the importance of seeking expert legal advice and representation to ensure that your interests are protected and that you receive a fair division of the net property pool.
At Ramsden Family Law, we have a team of experienced family lawyers who can provide the legal guidance and representation you need during this challenging time. We understand that dealing with family law matters can be emotional and overwhelming, which is why we take a compassionate and tailored approach to each case.
In summary, when dividing the net property pool in family law matters, the court considers various factors when determining whether an inheritance should be included. The timing and nature of the inheritance, the length and nature of the relationship, and the financial circumstances of the parties are all crucial considerations. If you’re dealing with a family law matter, it’s essential to seek expert legal advice and representation to ensure that your interests are protected.
May 02 2023