Dividing Assets and Lottery Winnings – Perth Divorce Lawyer

April 16, 2016 – at 12:43 am – by Bodekers Family Lawyers

Lottery winnings can complicate the division of assets when separating. The court may try to determine the extent of the contribution made by each party.

In Elford & Elford [2016] FamCAFC 45 the husband had a significant lottery win. The wife argued it should be considered a joint asset, though the husband said it was his sole contribution.

The court considered how separate the parties kept their finances throughout the relationship, having never shared a bank account, as well as the short length of time the couple had been together when the husband won.

Ultimately they found that the wife had not contributed enough to either purchasing the lottery ticket, or the marriage as a whole, to earn a significant share of the winnings when diving assets.

Property settlement can be complex. We therefore recommend you seek legal advice from one of our very experienced Perth family lawyers. We invite you to discuss your particular matter with our Legal Practitioner Director, Ms. Shannon Bodeker, who has been working in family law for over 20 years.

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. We get to know you and your family law matter before we meet.

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.