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When you get divorced or end a de facto relationship, you will need to divide up the property and financial assets you and your former partner have accumulated.. A property settlement can be complex and stressful.
However, if not done right can negatively affect your financial future. Our team of Sydney family lawyers promises to provide unmatched legal representation to our clients to ensure the best possible division of the asset pool.
Looking for “property settlement lawyers near me”? Contact us today.
Identifying what property & assets must be included in your settlement
Ensuring everything that needs to be disclosed to the Court is provided
Negotiating your financial settlement or spousal maintenance claim on your behalf
Representing and advising you concerning a property and financial dispute
Ensuring you understand your rights when it comes to protecting your property
Ensuring the Court has considered all the relevant factors to your property settlement
Obtaining Legal Advice from a Property Settlement Lawyer
When discussing property settlements and the division of assets, you must have the best representation possible and obtain legal advice from an experienced family lawyer to clearly understand your rights and entitlements.
The division of assets following a separation or divorce is a highly serious matter, which will impact you for the rest of your life. This is why you must obtain your legal from the best Sydney family lawyers in the industry.
Please do not hesitate to contact one of our property settlement lawyers in Sydney today to discuss your particular circumstances.
The Court will determine and value what property, liabilities and financial resources each of you have at the time of your Court hearing.
Here are some examples of each:
Assets & Financial Resources include:
Liabilities include:
In this step, the Court will look at each of your financial and non-financial contributions to the property. This is done to determine the percentage of the net value of the property each partner is entitled to.
Here are some examples of both financial and non-financial contributions:
Financial Contributions
Non-Financial Contributions
The Court will consider the current and future needs of both parties. The most important conditions which commonly impact how property is split are typically factors such as your current and future ability to earn an income, health, age and whether you have to care for children.
Additional factors such as your access family or a future inheritance may also be considered when calculating and balancing the division of the property pool.
Typically, the Court will compare these factors concerning both parties and award an additional portion of the property pool to balance it out.
This is the fourth and final step to the determination of a property settlement.
Section 79(2) of the Family Law Act 1975 provides that the Court shall not make an order unless it is satisfied that it is “just and equitable” to make the order in all the circumstances of the case.
This step essentially involves the Court standing back and looking at the reality of the percentage division at which it has arrived to determine whether it is fair and if any adjustments need to be made.
As lawyers, we sincerely uphold our responsibility of positively changing the community. We are passionate about making a positive difference and are inspired to work with like-minded people in making our community a better place.
Sydney CBD Office:
Suite 1, Level 20, 233 Castlereagh St,
Sydney NSW 2000
Western Sydney Office:
Suite 3, Level 1/203, Canley Vale Rd. NSW 2166
Bondi Junction Office:
103/332-342 Oxford St., Bondi Junction NSW 2022