25/10/2024

Navigating Property & Mediation in Divorce with Luke Shanahan – Episode: 8

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Overview

Learn from Family Lawyer Luke Shanahan these Divorce Tips – Episode: 8Welcome to “Law Down Under,” the podcast where we navigate the complex journey of life post-divorce with practical advice and expert insights. I’m your host, Mat Walker, and in today’s episode, we’re diving deep into the intricacies of property settlements. Joining us is our special guest, Luke Shanahan, who will shed light on the lengthy process of dividing assets, the emotional and financial toll it can take, and the critical steps you need to follow for a fair outcome. We’ll discuss the merits of mediation versus court hearings, the importance of hiring experienced lawyers, and the innovative legal funding options that can provide essential financial support.In this episode, you’ll hear about the four essential steps courts use to fairly distribute assets, the impact of each party’s contributions, and why settling out of court might be the most predictable option. We’ll also touch on new legal provisions that protect financially weaker parties and the conditions under which courts may revisit a finalised settlement.

Show Guest

Luke Shanahan

About

00:00 Show is for general advice, not personal.

06:30 Assets in trusts are now generally considered divisible.

10:46 Court values caregiving equally to financial contributions.

12:50 Courts usually don’t adjust asset contributions.

19:18 Property settlements are lengthy, costly, requiring mediation.

23:19 Competitive funding for property settlements with low rates.

26:29 Preparation is key: assess assets, liabilities before consultation.

28:38 Listen, review, share Law Down Under podcast.

Show Guest – Family Lawyer Luke Shanahan

Family Lawyer Luke Shanahan is a down-to-earth individual known for exceptional people skills and high emotional intelligence. Praised as competent and approachable, Luke excels in his areas of expertise while maintaining a reputation for being easy to work with. His genuine nature and ability to connect with others make him a distinguished figure in his field.

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Until next time, bye for now. Mat