How Does A Court Divide Property If My Partner Has Wasted Our Assets?
There are instances where one party loses or wastes an asset, for example, gambles your house away, or sends your money on illegitimate causes. In some circumstances where this is proven, the Court might agree to given you a cash adjustment for the value of the lost asset or part of the value.
The significance of such an allegation is that the Court can add back into the pool of assets, the value of an asset in circumstances where:
(a) a party has engaged in a course of conduct designed to reduce the effective value of an asset; or
(b) a party has acted recklessly, negligently or wantonly with an asset to reduce its overall value.
If your divorce is a trainwreck and you need advice about how to end it professionally, then you should get advice from someone with experience in all kinds of divorces. We regularly act as family lawyers in Brunswick, Clifton Hill, Fitzroy, Kew and many oft he surrounding northern suburbs of Melbourne.
What our clients are saying about our family law service
I regularly refer my clients to Rowan Skinner and Asc when they need representation. My clients have consistently had excellent advice and successful outcomes through Rowan’s representation at Court and when negotiating settlements. These proven results in combination with Rowan’s personal ability to engage with a diverse range of people, ensures that I will continue to refer my clients who need a family lawyer in Melbourne.
Rowan represented me in the Magistrates Court and the County Court in relation to very serious charges. Rowan was thorough, professional and diligent in his preparation and responded appropriately to my needs. I was acquitted of all charges.
I run a commercial law practice and frequently refer clients to Rowan for assistance and advice with family law. Rowan is a family law specialist: this means he is independently verified as having required skills and clients can have confidence in his ability and ethical standards.
I have a Mortgage Broking business with a large number of clients who having varying needs. I have referred many clients who want an excellent Family Law Specialist to look after them during what are difficult times. I have even referred family members to Rowan as I know he will look after them compassionately and professionally. I have no hesitation in recommending him and his services.