$300,000 De Facto Claim
Hypothetical by Manny Wood published on 25 July 2020. After separating from his wife, Peter commences a relationship with Mary in 2006. Mary has few assets and is 25 years his junior. They keep their finances separate. Peter pays the rent and they share the other expenses. Mary undertakes all of the household cleaning and cooking. Mary has a poor relationship with Peter’s three children from his previous relationship. Mary’s three children move-in with Peter. After Peter’s property settlement with his ex-wife is finalised, he purchases a property for $700,000 and Mary and her children move-in with him. In 2016, Peter and Mary enter into a Binding [...]