Fear of Relationships over worry about losing everything

No kids here....
It hasnt been fair in that my partners income is substantially higher (his income is over 150% of mine). But I contribute 50% to close to all home bills and expenses. And i've managed to do a lot more on my smaller income than him, make additional income through Airbnb. My sizeable property portfolio has been built with little help from him. I guess by sharing a car, sharing the bills, its better (lower) than being single at least.

 

The recent case of
Chancellor & McCoy [2016] FCCA 53 involved an application for a property settlement for a defacto couple. The parties kept their finances completely separate. They purchased property each, after the relationship began. They both lived in and renovated one particular property which was owned by just one of them.

They were together for 27 years.

Guess what - court deemed it not just and equitable to make orders.

 

To keep PC errrrr PC.

 

My understanding is that it was decided that what's "his is his" and what's "hers is hers" was the outcome. No meddling by the courts.

 

There was no re-arranging of the properties that the individuals owned. They got to keep what they had in their names.

 

Yes - except two x hers as a same sex couple.

 

There are a lot of arm chair experts out there on family law - mostly going on stories which get passed around and exaggerated as it is passed on. Little substance to most.

 

No, they were not happy as they went to court to fight it out.

 

I don't think it will work like that, it also is probably not worth having a partner if anyone is going to sweat over the decision someone in the chair can make on the day, or if the rules change, at some future point.

 

Grred and vengeance. It's ugly.

 

What if she is the bread winner and he is a stay at home dad?

 

Interesting case law. But this is quite an unusual situation decided solely on its specific facts - they were not married (same sex couple) and there were no children, plus the couple did not make any joint financial decisions together. Analysis of this case:

How the 'justice and equity principle' is applied to the division of assets in the Family Courts

 

Thanks @Gockie . That's exactly my thoughts, easier when there is no kids involved.

I'm not sure if you guys have definitely both agreed on not having kids from the beginning.
If not, I still intrigue on how you would go about this when kids involve?

 

This is a joke right ........ right ?

 

we've had similar type of threads in the past which have quickly turned into female bashing / feminism arguments.

it's an easy way to avoid it again and still get your point across

 

True. So why dont you straighten things for us then.

The stories ive heard are either directly from the lawyers mouth or from people who are going through at the moment.
Unless a lawyer like yourself states in bold what the law/result is, then your advice also will be 'just another story'

And please dont say "it depends" or "you need to book a time with me to discuss"