Property covers traditional assets like houses, shares, bank accounts and super
The Federal Circuit and Family Court of Australia has the power to deal with Property (traditional, assets, superannuation and even debts).
There are a number of areas that need to be understood about how the law will view your particular case. Everyone has a different story which is why the advice a friend received for family law may be very different from the advice you receive.
Some of the steps that are taken to ascertain your property settlement are as follows:
Identifying the entire pool of what you and your partner own and owe
Looking at other contributions to the relationship which may or may not be in a monetary form, such as gifts and inheritances or contributions to the welfare of the family
Considering any future needs that may be impacted by a persons age, health, financial resources, care of children and ability to earn an income
You have 2 years from the date of separation to finalise your property settlement where you were in a defacto relationship or 12 months from date of divorce if you were married.
It's important to finalise your property settlement and draw a financial distinction between you and your partner.
Lagom Family Law are specialists in complex property settlements. Where there is a need we can also engage our relationships with specialist commercial lawyers, senior barristers and valuers and accountants, who may form crucial advocate and advisors in certain property settlements.
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Lagom Family Law pride ourselves on delivering bespoke, considered and personally tailored planning for our clients in all aspects of their family law matter including separation, parenting arrangements, property settlements, child support, divorce, mediation, Court applications as well as collaborative matters.
We aim to provide expert advice in a respectful, approachable, ethical and affordable manner to achieve the best outcome for our clients.
If your matter is urgent then please contact us on +61 2 8379 1835 and we’ll endeavour to speak to you right away.