Family Law Property
Most couples dread property settlements – as well as the stress they bring between parties and families, they are usually long and expensive.
Your goal should be to protect your future with a fair property settlement between the Parties. That is the ultimate goal of the Courts, should they get involved.
Under the Family Law Act the Courts have the power to adjust the ownership of property for married and defacto couples and there is no cut and dried formula to work this out. Each case is different depending on your personal circumstances.
In order to finalise a property settlement you will need to either prepare a Binding Financial Agreement between the parties which requires certification from Solicitors for both parties or Consent Orders filed with the Court.
Most people will need legal advice to finalise their property pool and that is because of the complications involved and the complex nature of the documentation that needs to be prepared to make your property settlement legally binding on each party.