Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Family law is a set of rules and legislations governing family relationships such as adoption, divorce and child custody. Primarily, it had nexus with law of property and succession which is registered and mentioned in records of government. Attorney can be appointed to represent in case of disputes or conflicts (Graycar, R. (2012). The report covers a joint balance sheet of the parties involved in the case study, rights of a spouse regarding maintenance and discussion of claim made in property settlement. Lastly, the binding of agreement by the court on the parties. MAIN BODY Family settlement is a wider concept as it deals with matter pertaining to a family. The domestic issues that occur in a family are the matter falling under family law. This includes rules andstatuesregulatinglegalresponsibilitiesbetweenindividualswhoshareadomestic connection. The relationship are generally of blood or made from marriage. However, it can affect casual relationships in some cases. In the given case, Cam Merch and Jules Robin got married in the year 1997 at the age of 28 and 24 respectively. Jules was posted as a secretary with a small law firm. Later, she joined MSQ as a Partner specialising in corporate law. They had two children aged 13 and 9 years old. They got separated after few years of marriage whereby they have mutually decided the custody of their children. On the other hand, Cam has started his own telecommunication company whose profit started to decline after some years. This forced Cam into high depression for which he started taking therapy in a renowned clinic in United States. The report shows answer to different questions explaining the elements of family law along with disclosure of all the properties pertaining to Cam and Jules. The questions are as follows: 1.Joint Balance Sheet of Cam and Jules showing assets, liabilities and financial resources: AssetsValueWifeHusband Property1000005000050000 Shares30000075000225000 yacht cruisers400000010000003000000 1
Cars13000001950001105000 Furniture1000005000025000 Comsec Share Portfolio430000010750003225000 Jewellery24000002400000- total Assets1250000048450007630000 LIABILITIESValueWifeHusband External liabilities1250000048450007630000 2. SuperannuationValueJulesCam $1200000 million $1200000 million - 2. Cam is refusing to pay the mortgage that encumbers the Point Piper home. Jules and the children continue to live in the home. Cam is also refusing to pay for Jaibu's work. Cam is assessed by the Child Support Agency to pay Jules $950 per week in Child support. Cam says that the child support amount is enough for Jules to meet her expenses. Advise Jules on her rights to make a spousal maintenance application and her prospects of success. Spousal maintenance refers to the amount that is paid by a husband or wife to their former or ex spouse after divorce has been finalised. It is paid on monthly basis which is extends to number of years as mentioned in the agreement. It mark closure only when recipient remarries or any of the parties get expires (Spousal maintenance, 2019). There is no connection between spousal maintenance and child maintenance. In other words, if a person, after divorce, is paying child maintenance only and not spousal maintenance then it will not be clubbed together. It is an important factor in case of finalising a family law property settlement. It can also be paid in lump sum. On the other hand, child support is the financial support for the children of a divorced couple. It supersedes spousal maintenance. In the given case, Jules can file for an application under Family Law Act, 1975 in the court, whereby she can claim a specified payment which would be sufficient to make her basic 2
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needs meet. According to legal provisions, it can be made by the either of the partner from a broken marriage or relationship. Furthermore, an application for this maintenance can be made as soon as separation takes place. In other words, from the day of separation. An important point to be noted is that, there is no requirement of finalisation of divorce in case of a married couple (Henry, & Hamilton, (2012). The duration which has been provided for filing an application is 12 months following the date of divorce. If the stipulated period has expired, a preliminary application has to be made for bringing application for spousal maintenance. There is a fixed procedure which is followed by Family Court in order to examine the validity of the claim along with capacity of the spouse to pay. It is based on “need versus ability to pay” criteria. Apart from this, there are circumstances in which spousal maintenance will be ceased. These are upon the death of the dependent or the date that has been provided in the agreement. It is compulsory for any of the spouse who is capable enough to pay, to provide spousal maintenance because one gives time and care to children and the other party earns the income (Australia. Family Law Council. (2014). The process, rules and legal provisions of spousal maintenance are complex in nature, thus,a correct decision should be take whether to make an application or defend an application. Furthermore, every detail of financial position should be disclosed. Jules has every right to seek her spousal maintenance money from Cam as they have divorced and Cam is capable to pay. Also, the contention made by Cam that Jules can meet her expenses from the Child Support money is absolutely wrong. According to Family Act, child support are meant for the survival of child only and no spouse can use this for their own purposes other than child's. Hence, Cam is under a responsibility to pay spousal maintenance to Jules by which she can meet her expenses and live a peaceful life. 3. Cam comes to see you for advice about property settlement. Advise Cam in relation to his claim pursuant to section 79 and 75(2) of the Family Law Act, 1975 using 5 step process. In the literal sense, property settlement can be defined as an agreement executed between husband and wife pursuing a divorce whereby division of their assets is mentioned. It can be made either mutually or as an order by family court. It includes property acquired by a couple 3
either before marriage or during marriage. Family Law Act, 1975 provides the main motive of family settlement is to bring an end to financial relationship between parties (married couple or de-facto relationship). Hence, it includes both assets and liabilities to assess the financial status of each of the parties (Oldham, (2019). Section 79 of Family Law Act, 1975 provides that court may make order as it deems fit in the following cases: in the case of properties related to marriage or where the interest of the parties has been altered because of the marriage in the case of bankruptcy property in relation to a bankrupt party to the marriage an order for the settlement of property in substitution for any interest in the property an order requiring: (1) either or both of the parties to the marriage (2) the relevant bankruptcy trustee. No order will be passed unless it is just and equitable to make the order. While deciding the case, the court should taken into into account financial and non- financial contribution at the time of marriage or any other contribution made by marriage for the welfare of family or any other order as it thinks appropriate (Brimmer (2014). Apart from this, there are other points which should be known to Cam before opting for a claim in the property. This will give more clarity to this section so that it can be applicable in an appropriate manner. This provision will be taken for the settlement of property. Further, there are steps as provided under this act which are applied in a case to determine a conclusion so that prompt settlement can be made. These are as follows: 1.Identification of all properties wherein each party has a legal or equitable interest and the property holds a valid value. Before proceeding with the case, it should be valued by a registered valuer. 2.Each party's financial and non-financial contribution should be assessed including cost of improvement and other related contributions. It will require identification of assets, liabilities and superannuation of each party. 3.Needs pertaining to future should be considered and adjustments will be made in the percentage of assets, liabilities and superannuation equal to their individual contribution has they been alone and not married. 4
4.The court will consider the outcomes determined in the step 2 & 3 above and order will be passed which is just and equitable (Taft, & Florescue, (2018). Cam should be aware about his financial and non financial position for prompt settlement of properties so that no mistake in this regard can be done. 4. Cam presents you with a Financial Agreement pursuant to section 90B signed in both parties in April 1997, four week before Cam and Jules married. He signed it with his lawyer which was sent to Jules' lawyer for signing which was signed two weeks after failing her first test in her English Course at the University of Sydney. Cam said she failed the course because she was nervous about the wedding, and all of her relatives arriving from Cape Town that week. Provide advice to Cam as to whether the Agreement would be deemed as binding by the Court. Financial agreement as defined in Family Law Act, 1957, an agreement entered into by parties to a marriage for binding them legally in case the marriage break down. These agreements are also called “prenuptial agreements” but in legally referred to as “financial agreements”. It can be entered into in contemplation to a marriage. Family Law Act provides some requirements which should be fulfilled so that it can bind the partners. These are as follows: 1.Agreement must be signed by all the parties 2.Each spouse should be given legal advice from legal practitioner regarding the effect of agreement on the rights of that particular party along with this, the advantages and disadvantages (Roberts, (2017). 3.Either before or after signing the agreement, each spouse party was provided with a signed statement by the legal practitioner stating that the advice referred above. 4.A copy of the statement so mentioned in point 3 should be provided to a spouse party should be given to other spouse 5.the agreement has not been terminated and has not been set aside by a court. In this case, Cam and Jules has entered into this agreement before the marriage which is absolutely valid and should be treated according to this section 90B of Family Law Act, 1957. hence, this agreement is binding on both of them. 5
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CONCLUSION From the above report, it has been concluded that family law is necessary for binding each partner with their legal rights and responsibilities. This helps in bringing the trust of married couple as they have legal provisions according to which all the activities should be carried. Furthermore, the custody and maintenance amount should be paid accordingly. All of such circumstances will be governed through Family Law Act, 1957. Also, this law is meant for a family so that disputes or conflicts can be settled within legal boundaries. There are sections which give power to either of the party for preventing misuse of any rights regarding properties. 6
REFERENCES Books & Journals: Graycar,R.(2012).FamilylawreforminAustralia,orfrozenchooksrevisited again?.Theoretical Inquiries in Law. 13(1). 241-269. Henry, P., & Hamilton, K. (2012). The inclusion of children in family dispute resolution in Australia: Balancing welfare versus rights principles.The International Journal of Children's Rights. 20(4). 584-602. Australia. Family Law Council. (2014).Report on Parentage and the Family Law Act. Attorney- General's Department. Oldham, J. T. (2019).Divorce, separation and the distribution of property. Law Journal Press. Brimmer, M. (2014). When an Ex Can Take It All: The Effect-And Non-Effect-Of Revocation on a Will Post-Divorce.Md. L. Rev.74.969. Taft, R. S., & Florescue, L. G. (2018).Tax Aspects of Divorce and Separation. Law Journal Press. Roberts, M. (2017).Mediation in family disputes: principles of practice. Routledge. Online: Spousalmaintenance.2019.[Online].Availablethrough:< https://www.lavan.com.au/advice/family_lawyers_perth/what-is-spousal-maintenance- 3f>. 7