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?
NSW Property Settlement - Should I Give Husband Control of Shares?
- Thread starter Sandy11
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- property settlement
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.
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* A proper accountant, not some guy in a shopping centre pop-up kiosk;
and not a financial planner or stockbroker - yet.
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.
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