The short answer is No! Under the Family Law Act the court has the power to deal with property, maintenance and parenting issues for both married couples and also people in de facto relationships. This includes same sex couples. This is true provided that it is established that a de facto relationship exists. This is…
Tag: property settlement
Accountants: Your Role in Your Client’s Divorce
When a couple decide to separate, their accountant – and resolving their financial affairs – is critical to the process, particularly if the couple own and operate a business. The Wonderley & Hall Family Law team strive to maintain involvement, as appropriate, with our clients’ accountants during family law matters, because we understand the important…
The property settlement process: Part 3
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…
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…