A separation or divorce often involves a division of property between the two parties. This process involves firstly identifying and valuing the assets and liabilities of the relationship (for example the family home, and the mortgage outstanding on that home), then determining an appropriate division of these assets and liabilities between the two parties.
At Steel Legal, we work through the property settlement process with you step by step. As well as valuing the assets and liabilities of the partnership, the Family Court also considers factors such as each party’s future needs, such as the costs of caring for any children. Once agreement for settlement is reached, this is documented, and is binding.
Luke Steel has used his extensive experience in family law to guide many through this sometimes difficult and emotional process. If you would like to schedule a free initial consultation call on 07 3112 0225 or send us a message.
Frequently Asked Questions
No, those going through a de facto separation can also seek advice on division of property, and this advice is treated as a separate matter to the divorce or separation, and can be done at a different time (although time limits apply if you start proceedings on financial settlement after the divorce or separation has become final.
Yes. The financial settlement takes into account all assets and liabilities associated with the partnership such as businesses, real estate, vehicles, mortgages, credit card debts and other loans.
Yes. The preparation of a financial settlement takes into account both the paid and unpaid contributions of both parties including caring for children and homemaker duties. It also considers factors such as age, health, financial resources and income earning ability.
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The information on this website is general in nature and is not to be taken as legal advice. You should consider seeking independent legal advice to check how the information relates to your unique circumstances. Steel Legal Family Lawyers is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly.