RIZZO & RIZZO

In *Rizzo & Rizzo*, Judge McGuire considered property settlement and spousal maintenance orders. The dispute involved the division of assets and ongoing financial support between the parties. The court was asked to determine how to approach the division of tangible assets, particularly when the wife's requested orders would result in her receiving net tangible assets exceeding the total value of the pool of tangible assets, and to consider the "one or two pool" approach in this context.

The court was required to determine the appropriate orders for the sale of two properties, the disbursement of the sale proceeds, and the transfer of various assets and interests between the parties. This included the allocation of a specific amount from the husband's superannuation interest to the wife, and the ongoing payment of spousal maintenance. Furthermore, the court addressed child support obligations, specifically concerning school fees, extracurricular activities, private health insurance, and mobile phone accounts for the three children of the marriage.

Judge McGuire ordered that the two properties be placed on the market for sale, with the proceeds to be applied first to sale costs, then to mortgages and business loans, and the balance to the wife. The husband was ordered to transfer certain assets to the wife, including a motor vehicle, bank account balances, and her superannuation entitlements, while the wife was to transfer other assets to the husband, including a motor vehicle, shareholdings, and his superannuation interest. A base amount of $158,828.52 was allocated to the wife from the husband's superannuation, with provisions for future payments and rollovers. The husband was also restrained from taking actions that would render his superannuation interest non-splittable. In addition, the husband was ordered to pay the wife spousal maintenance of $300 per week for four years, and by consent, to cover specific school-related expenses, extracurricular activities, private health insurance, and mobile phone accounts for the children.