• There is no such thing as a free lunch

    Posted on March 2, 2012 at 3:54 pm under Family Law category.

    A case recently caught my eye where the parties lived together for a period of 4 1/2 years and married during that time. The husband was fairly elderly and his wife was 30 years his junior.

    The husband was worth many millions of dollars and the wife had assets including super of approximately $1,000,000.During the relationship both parties lived a very good life travelling the world in business class and first-class and staying in reasonably good accommodation. To do this, they lived off the the husband’s resources. Consequently his assets dropped by about $1 million while the wife retained her assets and they did not diminish in value.

    It must have been an interesting case for the solicitors as adverse findings were made against both parties due to their respective actions during the course of the proceedings.

    Even though the husband was extremely wealthy the Court still ordered that the wife, at the conclusion of the relationship, had to transfer $100,000 of her superannuation into his fund.

    It might have been better to have let sleeping dogs lie!