b'Other assets, such as inheritance moniesand redundancy packages;Liabilities, such as mortgages, loans and credit cards.WHAT IS CONSIDERED WHEN ASSETS ARE DISTRIBUTED?When you apply for a property settlement, the Court uses a 4-step process to determine the application as follows:1.Firstly,theCourtdeterminesthevalue oftheassetpoolwhichincludesassets, iabilitiesandfinancialresources(suchas superannuation)inyourownname,joint names,orassetsheldinanyotherentity in which either party may have an interest. Thisinvolvesundertakingfullandfrank disclosure to ascertain the pool, and this may require formal valuations to be conducted.2.Thirdly,theCourtwillassesseach partyscontributionstotherelationship. Contributionscanbefinancialand non-financial,includingcontributionsto the household and family in general, and considerationofassetsbroughtintothe relationship and contributions made during therelationship.Generally,apercentage weightingisgiventocontributions. However, there is no set formula as to how thisisdetermined;itisdiscretionaryand can vary.8'