Family Law Services
We are taking the stress out of your divorce
If you and your partner separate, you need to consider what is to happen in relation to the division of any property that you own.
The Family Law Act sets out the general principles the court considers when deciding financial disputes after the breakdown of a marriage or a de facto relationship. The general principles are the same, regardless of whether you were in a marriage or a de facto relationship, and are based on:
-working out your assets and liabilities and what they are worth;-looking at the direct financial contributions by each party such as wage and salary earnings-looking at indirect financial contributions by each party such as gifts and inheritances from families-looking at the non-financial contributions, such as caring for children and homemaking, and-future needs– a court will take into account your age, health, financial resources, care of children and ability to earn an income.
The way your assets and debts will be divided will depend on the individual circumstances. Your settlement will probably be different from others you may have heard about.
***Disclaimer***This article is for general information purposes only and does not constitute legal advice or any other professional advice.
If you need assistance with property settlements please contact us.
