As autumn rolls around, we would like to let you know what blog posts we have planned for the month of April!
One of the most common types of family law matters is property settlements. So, we are dedicating an entire month to getting into the nitty gritty details of property settlements! To kick off our month on property settlement, there are two very important questions you probably want answered: (1) what actually is a property settlement and (2) why does that matter for me?
What is a property settlement?
A separation is never easy because it involves disentangling two lives which are emotionally and financially entwined. A property settlement is simply the law’s way of figuring out the financial side of things.
A property settlement is an agreement between two people which stipulates how their assets, liabilities and superannuation are to be divided. The law considers a number of factors, such as the contributions (both financial and non-financial) and future needs of each party, to determine how the property should be divided so as to produce a just and equitable outcome.
Why does it matter for you?
And now onto the more important question; why does it matter for you? Well, we may have made property settlements sound relatively simple but they are often anything but. A family law property settlement can be complicated and drawn out. However, seeking a settlement is vital to finalising your economic relationship with your ex-partner so you can move forward with certainty regarding your finances.
Family law property settlements can easily turn into a maze of pitfalls and complicated documents if you do not get the right legal advice. So, whether you are just having a browse or preparing yourself for legal proceedings, keep an eye out for our March articles on property settlements to find out more!
Upcoming articles include:
Download our Family Law Property Settlement Infosheet
To find out more, or sign up for our weekly newsletter update listing new articles, contact us on 9688 6023.
This article is provided to the reader for general information. It is not legal advice.This article was written by Andrea Spencer & Emily Graham and edited by James Frank.
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