Australia's #1 for Law

Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!

FREE - Sign Up Now

NSW Property Settlement - Should I Give Husband Control of Shares?

Discussion in 'Family Law Forum' started by Sandy11, 28 December 2015.

Tags:
  1. Sandy11

    Sandy11 Active Member

    Joined:
    28 December 2015
    Messages:
    7
    Likes Received:
    0
    I have separated from my husband and we have approx $300, 000 in shares in my name. I have control of these but don't know anything about trading. If I hand control to him, will that be detrimental to any future financial and property settlement? If he sells the shares, will I continue to reap the benefits or can it be redirected into his account even if they are on my name?
     
    #1 Sandy11, 28 December 2015
  2. Tim W

    Tim W Lawyer
    LawTap Verified Lawyer

    Joined:
    28 April 2014
    Messages:
    2,206
    Likes Received:
    512
    Don't hand over anything. Don't sign anything.
    Especially if you don't even know why assets you supposedly own jointly,
    are in your name alone.

    Go see an accountant* and have "shares and all that stuff" explained to you.

    Also, get a lawyer who works in the family law space to advise you
    on the property settlement aspects that may arise if you do indeed divorce.


    --------------------
    * A proper accountant, not some guy in a shopping centre pop-up kiosk;
    and not a financial planner or stockbroker - yet.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #2 Tim W, 29 December 2015
  3. Sandy11

    Sandy11 Active Member

    Joined:
    28 December 2015
    Messages:
    7
    Likes Received:
    0
    Thanks I appreciate an impartial persons advise. I will seek out a "good" accountant and go from there.
     
    #3 Sandy11, 29 December 2015
(You must Log In or Sign Up to post here.)
Loading...
Similar Threads - Property Settlement Should
  1. Marian

    VIC Property Settlement - When Should it be Done?

    Marian, 18 February 2017, in forum: Family Law Forum
    Replies:
    2
    Views:
    362
    Blessing
    20 April 2017
  2. Max27

    VIC Should I Disclose Finances for Property Settlement Before Divorce?

    Max27, 6 February 2017, in forum: Family Law Forum
    Replies:
    1
    Views:
    259
    Aneta
    8 February 2017
  3. yuko

    VIC Should Division of Property be Under Family Law?

    yuko, 7 September 2016, in forum: Family Law Forum
    Replies:
    3
    Views:
    282
    yuko
    9 September 2016
  4. SamanthaJay

    VIC Property Settlement - Should I Provide 8 Years of Financial Record?

    SamanthaJay, 12 July 2016, in forum: Family Law Forum
    Replies:
    2
    Views:
    338
    SamanthaJay
    12 July 2016
  5. Marina

    TAS Should Ex Pay Half the House Value as Property Settlement?

    Marina, 6 June 2016, in forum: Family Law Forum
    Replies:
    1
    Views:
    397
    Sophea
    7 June 2016

Share This Page

Toggle Width
Loading...
gt;