1 Comments Family & de facto law, financial agreements, consent orders
Dan in answer to your question the impact for a relationship of this duration is that all assets are split 50/50 including bank accounts regardless of whose name they are in and superannuation regardless of whose name the account is held. However that will be modified depending on who houses and cares for the child, with the person doing the majority of the caring receiving a greater share. The earning capacity of each party may come into consideration when working out the final split. If you are unable to agree on a fair split and this goes to court it can get messy with solicitors receiving a chunk of those assets. Now can I urge the two of you to seriously consider undertaking some relationship counseling, often when a marriage gets a bit stale the grass looks a bit greener on the other side, usually it turns out not to be. If there is another party involved again can I urge the two of you to put that aside and to work on your own marriage or run the risk of being back in the same boat some years hence when the next relationship goes stale.