Hello Chasers,
You work hard in your business and accumulate assets because of your efforts – but do you know that those assets could be exposed to potential litigation?
Most people are not aware that a simple de-facto relationship that has lasted two years means both parties of the relationship, in the event of a relationship breakdown, have full recourse against the other’s property under the Family Law Act in Australia.
Furthermore, giving adult children money, inheritances, help with purchasing a property, or having an unpaid distribution from your family trust may add fuel to the fire in a relationship breakdown with their partner.
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