At the time, the husband was awarded # 2.725 million, which equated to half of the # 5.45 million
matrimonial assets available to the couple.
Therefore, case law now suggests that the value of assets which have been dissipated in matrimonial cases in Australia will not be added back, regardless of whether those assets have been dissipated deliberately and recklessly by one party or, with the sole intention to reduce
the matrimonial assets available for distribution.
Not exact matches
The expert testified that a competent
matrimonial lawyer would have ensured that the plaintiff understood that disclosure of information to her satisfaction was
available, and that in order to prepare a complete
matrimonial property statement of the parties»
assets and liabilities, further information was required.
Charles J's award focused on achieving an overall fair result for the parties and reflects the power of discretion
available to the court when assessing
matrimonial assets.
This could mean that the other party could still be compensated through other
matrimonial assets even though a direct pension sharing arrangement would not be
available.
At Nolletti Law Group, our White Plains divorce lawyers use all resources
available to provide our clients with the security and peace of mind which come from knowing that they are represented by a team of assertive, client - centered divorce attorneys and professionals with substantial experience in efficiently handling complex
matrimonial litigation that involves significant
assets.