When you are separating from your partner you need to consider how you will fairly share out the assets you have both accumulated over the years.
While this is challenging enough for the physical things in your home and any property you have, it can get particularly complicated for future potential assets.
Think superannuation.
If my super fund is worth $100,000 today, what will it be worth in 5 or 10 more years? And what does this future value have to do with what is in the account today?
For example, if the way you have achieved the super asset of $100,000 is to have had your spouse support you while you built your career and earning capacity, is she entitled to any portion of your future earnings?
These are important questions to consider and consult with your lawyer on when planning a property settlement.
The Australian Government also provides some information in this area at it’s Attorney General’s Family Law website.
Link: www.ag.gov.au/www/agd/agd.nsf/Page/FamiliesSuperannuation
If you have a question please callto book an appointment on 02 4365 6556.
