One of the most difficult issues to resolve when separating is the fair division of property. It is much easier to resolve this issue soon after separation, as if a court is called upon to determine the dispute, they will take into account what assets are owned by both parties, at the date they are dealing with the issue, even if years have passed since the parties separated.
Working out what you are entitled to can be a complicated process particularly if you are unable to come to an agreement with your partner. This is why it's so important to seek legal advice so that you understand what your entitlements are. You'll then be in a better position to realistically plan for the future. D A Family Lawyers can help by applying the four step process adopted by the Family Court of Australia to your situation. The first step of this process is to identify what assets are owned by each party to a marriage and what liabilities are outstanding. It saves time and enables us to give more effective advice if you prepare a short table of your and your spouse’s financial position prior to an appointment with one of our lawyers.
Click here to access a schedule of assets and liabilities for your completion.
DA Family Lawyers can help you with:
- Mediation and negotiations
- Representation in court proceedings
- Binding financial agreements
Contact DA Family Lawyers Online for more information on Property Settlement.
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