moving in (97)

Im afraid ide not risk everything I own on a man who ide only known for 12 weeks ....your braver than I

fyi


For situations where there has been no prior financial agreement, parties of a de facto relationship or a close domestic relationship can apply for property orders.

Applications for property orders must be made within 2 years of the end of a relationship. Applications are made to the Supreme Court (for large claims), District Court (up to $250 000) or the Local Court (up to $60 000).

The decision is then made through a court hearing. Both parties are expected to fully disclose their respective financial circumstances. A failure to make proper disclosure of a relevant matter is taken very seriously.

The Court considers four key factors in assessing property settlements.

1.The Court will ascertain the net asset pool of both parties.

The net asset pool is the total value of all the assets owned by either or both parties. The net asset pool includes anything acquired before or during the relationship, as well as after separation.

In ascertaining the net asset pool, the Court will also consider other financial resources over which a party has influence, control or prospective entitlements.

Ascertaining the net asset pool can be highly complicated. Accurate valuation of assets requires that many factors are taken into consideration, such as issues regarding taxation, stamp duties, and the appreciation or depreciation of asset values.

2.The Court will assess the contributions from both parties (both financial and non-financial).

There are many types of contributions that may have been made by either spouse. The Court considers all of the following:

a. financial contributions
b. non-financial contributions (as a homemaker or primary carer of children)
c. gifts, bonuses and inheritance
d. initial contributions (assets attained before marriage)
3.The Court will assess the future needs of both parties:

The Court takes into account many factors when deciding on the future needs of both parties. These include:

a. Age and health
b. Capacity to earn money
c. The property and assets of each party
d. New relationships (and new financial circumstances)
e. Future parenting responsibilities (care and support)
4.The Court will consider the practical effect of the proposed property settlement, and whether it is “just and equitable” to both parties. The decision is made taking into account all of these factors.

Generally, superannuation is not included in a property settlement between de facto couples. However, a Court is likely to take it into account when assessing the financial resources of each party.

I highlighted the laws regarding defacto property settlements to show the dangers of moving in with a basically complete stranger .There are documented cases of peopke men and women who pray on peoples vunerabilities and naiety by making then believe they have fallen in love and movin in only to hang around pretending for 12 months or so then claiming 50 % of the partners assets on breakup.This can sometimes lead in to the tens of thousands based on the other parties finacial status ,It is also dependant on need You can be royally screwed .Its happening daily in Australia so dont be stupid !
These people are predators and sadly you may be their prey