Financial Contributions (Direct and Indirect) in Property Matters
Family Law, Divorce Lawyer, Property Settlement, Child Custody, Defacto Law
In any family law property settlement, consideration is given to the financial contributions made by both parties – both direct and indirect contributions – towards the acquisition, conservation or improvement of any matrimonial property.
A typical direct contribution is wages earned from employment. Another direct financial contribution might be cash savings held by one party at the commencement of the relationship. An indirect financial contribution can include such things as financial contributions to non-property expenses such as holidays, school fees, food and entertainment. By meeting these expenses the other party has a greater ability to pay property related expenses such as mortgage, rates and renovations. It may also include such things as the provision of free or cheap accommodation which enables the parties to save a house deposit or reduce a mortgage.
Our team of experts at Doolan Wagner & Callaghan can advise you as to your entitlements in a property matter, after weighing up all the relevant factors, including financial contributions direct and indirect made by the parties.
Contact
Sydney (CBD)
02 9269 0600
St. Leonards (North Shore)
02 9437 0010
Dee Why (Northern Beaches)
02 9984 7411
Make an Enquiry
A member of our team will contact you within the next working day