i hope this is not to much of a pesamistic post but with well over a third of all marriages breaking down what can you do to protect assets you had(or had equity in) before or during the marriage i know none of us like to think the worst but over 33% is a pretty big risk from a purely financial sense.
pre nups? trusts?p.s no im not getting married nor do i have a problem with trust simply a hypothetical question and with us all striving for financial freedom and in this day and age i think its a valid point.
cheers falcon [cap]
I think pre nup is the way to go, but then again these can be challenged easily. Using a trust as well can help, but I have heard the family court can ‘get at’ assets in a trust if not done propertly.
It is not only marriage, but defacto relationships too.
(best to live alone!)
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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