In these uncertain economic times
it’s important to be mindful of the potential impact of a redundancy or a
possible redundancy on a property settlement.
It’s important to fully disclose to your lawyer if you have applied for
a redundancy even if it’s after a separation.
It may be relevant in the property settlement negotiations.
A redundancy payment received after
separation (but before a family law settlement) and applied to a new property
is likely to be “added back” into the matrimonial asset pool, so we recommend
you finalise your property settlement as soon as possible after a separation.
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