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

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

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  1. Sandy11

    Sandy11 Active Member

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    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
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    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

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    Thanks I appreciate an impartial persons advise. I will seek out a "good" accountant and go from there.
     
    #3 Sandy11, 29 December 2015
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