The Family Court is arguably the most powerful court in Australia. The recent case of Kennon v Spry highlighted the broad scope the Family Court has to determine that assets held in a trust amount to 'property' of a marriage. As a result of recent legislative changes, property rights now arise from a variety of relationships, including de facto relationships. This represents a further challenge to clients wishing to protect their assets, and their children's inheritances from family law claims.
This event covered these recent changes and what they mean to your clients and analysed the extent to which binding financial agreements can be used to minimise risks.