Sherwood and Sherwood

In *Sherwood and Sherwood*, heard before Judge Bender, the dispute concerned the division of property and liabilities between the parties following their separation. The court was tasked with determining how the parties' assets and debts should be distributed.

The central legal issues before the court were the appropriate allocation of the parties' financial resources, including funds held in trust, and the ownership and liabilities associated with a business entity, Sherwood Pty Ltd, and its associated trust. The court also had to consider the division of other property, superannuation entitlements, insurance policies, and the severance of any joint tenancies.

Judge Bender ordered the distribution of trust funds, allocating a larger sum to the wife and a smaller sum to the husband, with any remaining balance to be divided equally. The husband was to retain full ownership of the business and its associated trust, and was solely responsible for all its debts and liabilities, including any amounts owing to Mr C. The orders further stipulated that each party would be solely entitled to property in their possession, forgo claims to each other's superannuation, and be solely liable for liabilities encumbering property they received. Joint tenancies were expressly severed. The matter was subsequently removed from the pending list.