Showing posts with label Consider. Show all posts
Showing posts with label Consider. Show all posts

Friday, February 3, 2012

The Court Is Not Required to Consider Fault Or Marital Conduct As Relevant

In determining the distribution of marital assets in a property settlement and /or the granting of spousal maintenance the court is not required to consider 'fault' or 'marital conduct' as relevant factors. However, the court is required to consider any fact or circumstance which, in the opinion of the court, the justice of the case requires that it take into account as long as it is of a broadly financial nature.Generally, financial losses which have been incurred by the parties or either of them in the course of the marriage will be shared by them (although not necessarily equally). There are two exceptions to this general principle. Firstly, where one party has embarked on a course of conduct designed to reduce or minimise the effective value or worth of the matrimonial assets (including such conduct as deliberately destroying a valuable asset, the wasteful dissipation of assets by a party, or even deliberately or recklessly scaring away investors in the family business thus reducing the effective value of its worth). Secondly, where one party has acted recklessly, negligently or wantonly with matrimonial assets, the overall effect of which has reduced or minimised their value, for example, excessive gambling, spending excessive sums on drugs, alcohol or the downloading of internet pornography.
There is an increasing awareness of domestic violence as an issue in society and with this societal awareness has come recognition by the court. If, for example, a wife has been subjected to constant physical and emotional abuse by the husband to the extent that she is unable to fulfil her employment or has to change careers from a highly paid position (modelling) to a lower paid one (cleaning) as a direct result of the husband's abuse, the conduct can be taken into account by the court as having direct financial consequences. Such a set of circumstances takes into account the financial losses caused during the marriage by the conduct of the husband on the wife as well as possibly creating a higher future needs consideration, particularly as it affects future earning capacity. But the effects of violence are generally more subtle and it may not be that there is an obvious change from modelling to cleaning.
The court will consider the wife's potential to contribute had she not been the subject of abuse. Another example may be where one party's considered contribution as homemaker and parent may be increased where that party has endured domestic violence at the instigation of the other party. The court is required to assess the contribution that each spouse has made to the property over the period of the marriage. A course of violent conduct by one party towards another which makes the other party's contribution more arduous is a fact a trial judge is entitled to take into account. The application of that principle is not limited to domestic violence but can extend to other forms of conduct such as bad business deals, gambling and wasteful destruction of assets. Certain conduct may even be classified as resulting in a negative financial contributions.
Violence in the home is, of itself, an indication of a negative contribution to the welfare of the family and is therefore relevant in the determination of how to adjust property interests following the breakdown of a marriage. The effect of marital conduct in property settlement proceedings can get extremely technical.
We have Family lawyers Canberra, Family lawyers Sydney who can advice you on all family law matters

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Saturday, January 14, 2012

Will You Consider A Divorce Insurance?

Couples who get married don't always end up together. Marriages are not made in heaven as they say. Problems and conflicts occur every now and then. Unfortunately for some who don't have the patience and tolerance to save their relationship can just give up easily.This is one of the reasons that some couples, particularly those who have accumulated wealth before tying the knot, prefer to have a pre-nuptial agreement is preferred to protect their properties in the event of divorce. These days, however, the divorce insurance is another option. It's still quite new but well worth a try.
Being an insurance, it aims to help people in their expenses should they decide to divorce their partner. The financial assistance will be in cash to help the spouse pay for the divorce proceedings and find a new home to live in. Not many people are aware that going through divorce can be very expensive. Your lawyer fees alone can already cost you tens of thousands of dollars and if you don't have a steady income and other sources of funds, how are you going to pay them?
This divorce insurance is considered very helpful particularly for the spouse who does not earn as much as his or her other half. In short, it will assist the person by providing financial security while going through hard times after the divorce.
This latest divorce insurance is affordable as well. For example, you can get it for as low as $16 per month at wedlock.com. Each unit can already provide coverage worth $1,200 which is not bad.
If you have your own income, you can decide to purchase this type of insurance if you want. Not that you're foreseeing divorce to happen but then again, the unexpected can always occur even in the most stable marriages that were thought to last.
The issue, however, will be about how you are going to open this up with your spouse. Normally, it's the low earning or non-earning wives who often experience great difficulty financially after the divorce and as such, should be the ones more likely to consider getting a divorce insurance.
If you're planning to tell your partner about getting this protection, experts suggest scheduling a time to discuss this with an open mind. This can take about an hour or two. To open the issue, you can start pointing out the divorce rate and your plans if ever this will happen to both of you.
In these times when marriages are unpredictable like the weather, it's best to be prepared for the worst scenario. Lucky for you if your spouse is very generous and will agree to support you financially after you've split up. But what if not and you don't have a source of income? Where are you going to turn to for financial assistance?
The divorce insurance may still have some areas to improve on so you can wait for a year or two before getting one. But again, it's always an option today as it can be a great help to you eventually should you go through divorce.
For marriage forums, visit TalkAboutMarriage.com, a supportive community for marriage and relationship advice.

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