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In the first two parts of our property settlement process article we dealt with the identification of the net asset pool and the assessment of contributions each party made to the relationship. In this third and final part we will discuss the assessment of future needs and the division of assets. It’s important to remember ... more

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 ... more

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 ... more

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 ... more

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 ... more