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   Hi,  if a partner acquires an asset after separation will that be considered part of joint property?

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Spring2012 Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 27/November/2012 Location: Australia Posts: 4	Quote Reply Topic: Assets after separation Posted: 30/January/2018 at 17:34
	Hi, if a partner acquires an asset after separation will that be considered part of joint property?

emca01 Members Profile Send Private Message Find Members Posts Add to Buddy List Legal Guru Joined: 20/July/2012 Location: Australia Posts: 2193	Quote Reply Posted: 30/January/2018 at 19:45
	maybe.... Kinda... So you win lotto OR you get an inheritance after separation but prior to finalising asset division, it will cause a problem... So you would not have to divide the win.. Lets say you win $400 000 in lotto.... One of the things a court would look at was greatest need... So when dividing the matrimonial assets the other party could argue that they have a greater need to a larger share of the matrimonial assets because you have $400 000 in the bank and they do not. Don't win lotto until after asset division is finalised.

Assets after separation