As reported today in the Sydney Morning Herald, it seems that Brian Myerson has paid a significant price for his philandering ways. He took the ‘box’ rather than the ‘money’ only to find the shares contained in the box became worthless.
This underlines the need to carefully consider the structure of property settlements. At any time, not just during a global financial crisis, cash, where possible, is king.
For information on family law visit Barry & Nilsson Lawyers, Brisbane, who specialise in Insurance & Health, Commercial & Property and Family Law.
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