(Solution) Family Law - Assignment

Family Law

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
and statues regulating legal responsibilities between individuals who share a domestic
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:
Assets Value Wife Husband
Property 100000 50000 50000
Shares 300000 75000 225000
yacht cruisers 4000000 1000000 3000000
1