Can my ex make a claim against my lotto winnings?
Posted: 19th February 2012
Posted in: News
Posted by: Dean Evans, Partner
Don’t let a big win be ruined by slowness in finalising a property settlement.
There are plenty of reasons why parties to a marriage breakdown should formalise their property settlement.
An example that most people probably do not turn their minds to is the lotto win years after separation. Imagine if you separate from your spouse, divide your modest assets by agreement and decide not to take the time or effort to formalise the agreement. 5 years later you purchase a lotto ticket and “jackpot baby” you win $5million.
A few months later, life is going great and you receive a knock at the door. You are being served with a Family Court Application, where your Ex makes a claim for $2million of your lotto win.
You quickly make an appointment with a family lawyer and to your absolute horror you are advised that your estranged spouse has a genuine claim which is recognised at law.
Even if you only have a modest pool of property, it is worth taking advice from a Solicitor specialising in Family Law and formalising property settlement.
Phone Evans & Co, the Gold Coast property settlement and family law specialists on (07) 5574 1888.