The property settlement process: Part 2

In the first part of our Property Settlement Process article we discussed how we determine the net asset pool so that everyone involved has a clear picture of what needs to be divided between the parties. In part two of this article we will talk about determining the value of the contributions made by each…

The property settlement process: Part 1

The property settlement process following a relationship breakdown can be one of the most difficult and emotional experiences of a person’s life.  It can seem like a relationship founded on trust and love is, in the end, reduced to dollars and cents. For many, having a better understanding of the process and knowing what to…

Myths in Family Law – The 50/50 Split

It is a widely held, but quite incorrect, view that in a property settlement between a husband and wife that the assets will usually be divided more or less equally – the 50/50 split! This myth most likely exists because we consider it a goal of a property settlement for each party to be treated…

Understanding Consent Orders in Family Law Matters

If both parties have reached agreement about parenting and/or financial/property arrangements and want to formalise the agreement to make it binding, they can apply to the Family Court of Australia for consent orders. In previous articles we outlined the way in which financial agreements (also known as binding financial agreements and sometimes pre-nuptials) can be…

Understanding Family Law Financial Agreements – Part 3

In our previous articles on this topic we discussed the often poorly understood financial agreement (often called a binding financial agreement or pre-nuptial) within family law matters and in particular: Some background about financial agreements When financial agreements might be useful at the start of a relationship What matters a financial agreement can cover In…