4 Dec 2018
BETHELL v BETHELL [2018] NZHC 3171
- Citation
- [2018] NZHC 3171
- Court
- High Court
The High Court upheld admission of the accountant's evidence; held the Stumpy Trust current account credit of $915,270 is relationship property; held residual Hussey Developments liabilities are personal to Sam and not to be shared; held the Stumpy Trust and the 2005 transfer of Timpendean Farm were nuptial settlements subject to s182 FPA; found the Family Court erred in treating the Trust as insolvent after proper offsets; and on exercise of s182 discretion ordered a $300,000 resettlement into a new discretionary trust for Diana and the children, with other asset valuations and an equalisati…