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07 February 2015

What's yours is mine - Post separation assets

Family Law
New South Wales

Asked

Hi. My client separated from her partner approximately 10 months ago. They still live in the same house pending its sale, which will yield about 160k in total after discharge of mortgage. Both are on a disability pension. I have no instructions in relation to the separation. 

My client is making a claim against the estate of her late step father and is an eligible claimant under s 57(1)(e) of the Succession Act (New South Wales). She is likely to receive between 100k and 200k.

My question is what impact will the legacy have on any likely property settlement and are there measures that should be taken to protect the legacy for my client? Thanks.

Answered

If there is certainty in the claim, and the amount she will receive, then it forms part of the asset pool. If not, but the outcome of the claim will be known in the near future, then the court might well adjourn any application pending the outcome of the claim.

Having said that, there is clearly no contribution by the husband and therefore its weight will depend on other factors such as age, health and employment prospects to determine how much, if any, the husband should receive to result in an equitable division.

Regards Mentor