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[Music] hi everyone its Trace McMillan and today we are doing a webinar on separation now lets talk about dividing your assets formally there is no such thing as a gentlemans agreements or an informal division of your assets if you think that there is then you are playing a very dangerous game of Russian Roulette and Ive seen it come back to bite people on the backside many many years later and its not an uncommon experience so lets say you have an agreement between you and your partner you go right okay youre going to keep the house Im going to pay you out a hundred thousand dollars here you go um you forget to transfer the house out of one persons name into the other or lets say you even do do that um and then but you dont go through you dont formalize the the actual agreement um and then lets say five years down the track all of a sudden theres been a property explosion the Markets gone Sky High through the roof which up until covert used to happen um then what happen
