In Australia, a family law property settlement is commonly accomplished using a four-step process. Firstly, a calculation of the total net assets will be conducted, followed by working out the asset pool contributions of both parties. Future needs will be assessed, and then, based on all the information gathered, a fair and equitable outcome will be decided upon. The assets considered for the pool could be the family home and any investment properties, vehicles, boats, and caravans. Shares, savings, household items and personal effects can also be included to determine a divorce property settlement and trust funds and inheritance. Debts, loans, and credit cards will also be examined and included in the asset pool for a family law and property settlement.