Dividing Assets After Separation – Perth Divorce Law

Two methods of splitting assets are the “global” and “asset-by-asset” approaches.

The global approach puts the assets together then what percentage each person is entitled to.

An asset by asset looks at different assets separately.

In Stiller and Power [2011] FMCAfam 996, the parties were married for 20 years but never lived together and kept their finances very separate. When separating, the husband’s assets were worth $315 000 and the wife’s, $4 million.

The husband requested a global approach and the wife, an asset-by-asset. As the couple had kept their finances so separate, the court used an asset by asset approach and no adjustments were made.

Property settlement can be complex. We therefore recommend you seek legal advice from one of our Perth family lawyers. We invite you to discuss your particular matter with our Legal Practitioner Director, Ms. Shannon Bodeker, who is very experienced in property settlement.

Prior to your first appointment, you may send us an email, fax or similar, outlining your situation in as much detail as you like. This information will be read on a complimentary basis prior to your first family law appointment.

Please note this is not family law advice. It is important to seek advice specific to your circumstances. We are very experienced Perth family law solicitors and can provide you with the very best legal advice regarding property settlement.

Email our Legal Practitioner Director, Shannon Bodeker at info@bodekers.com.au, for your complimentary pre-read and first appointment at a reduced rate.