family lawyers brisbane cbd

     Financial Windfall: A Joy or Tragedy What to do if you win the lotto? How does the Family Court view it? A windfall is either a sizable inheritance or a lotto win.  In the eyes of the Family Court, an inheritance is treated differently to a lotto win. The Family Court has great difficulty in distinguishing a lotto win by one party as a sole financial contribution by that party to the assets of the marriage and in most cases treats lotto wins as joint contributions. That is, that if during the period of a relationship be it a marriage or  de facto relationship , one party receives a sizable lotto win and that win is then applied towards the improvements or acquisition of matrimonial assets, the Court would deem that both parties have equally contributed to both the acquisition and improvement to those assets. In one case a wife and husband maintained sole financial estates. They owned property in their respective names solely and operated their own bank acco...