OSD Presents…Handy Hints (12)

If you have received an inheritance late in the relationship or even after the relationship ends, but before your family law financial settlement, the inheritance is not automatically ‘excluded’ from the asset pool.

It cannot simply be ignored.

It is, however, open to parties (and the Court) to consider the inheritance using a “two pools” or “individual assets” approach.

Timing and use of the inheritance can be important factors and it is important to obtain advice about the likely approach in any property settlement proceeding.

We’re Here to Help

Family law matters can be difficult and complex. If you require any assistance with a family law dispute, always contact a legal practitioner who will be able to help.

O’Sullivan Davies has practitioners experienced in dealing with all family law issues. More information about our services can be found at our About Us page here.

Disclaimer

This article is not legal advice and the views and comments are of a general nature only. This article is not to be relied upon in substitution for detailed legal advice.

If you would like to republish this article, please contact us prior to doing so at info@osullivandavies.com.au.