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Verbal agreements around the kitchen table – such as those cited in the case of pop star Vanessa Amorosi – are just some of the triggers. This is how to avoid them.
A study by ANZ Private Bank has found that 70 per cent of intergenerational wealth transfers are failing because of family conflicts, wealth dissipation and bungled execution.
Joint ownership of a property can mean the surviving spouse gets the family home, with nothing going to the other spouse’s children.
Family contributions are as big a factor as financial commitments when courts decide how real estate will be divided between couples living together.
Divorce specialists claim there has been a threefold increase in separation applications after COVID-19 lockdowns, with high property prices adding to friction.