How Emotions Can Impact Your Family Law Matter: The Cost of Non-Commercial Decision Making
Navigating the realm of family law is inherently emotional. Whether it’s a divorce, child custody dispute, or property settlement, these are deeply personal issues that stir profound emotions. However, allowing these emotions to dominate can significantly impact the quality of decisions one makes, often leading to outcomes that are less commercially sound. The Emotional Landscape […]
Global v Asset by Asset Approach in Property Settlement
Global v Asset by Asset Approach in Property Settlement The Family Law Act 1975 (Cth) of Australia provides a framework for determining the division of assets and liabilities when a marriage or de facto relationship ends. This legislation does not differentiate between “long” or “short” relationships explicitly; rather, it mandates the evaluation of numerous factors, including the length […]
Understanding Cryptocurrency in Family Law
Understanding Cryptocurrency in Family Law The Family Law Act 1975 (Cth) mandates an equitable distribution of marital wealth following the termination of a marriage in Australia. This distribution typically encompasses tangible possessions such as family residences and automobiles, as well as investment assets like superannuation. Nevertheless, the dynamic landscape of the digital world has given rise to a […]
Inheritances and Impacts on Property Settlement
Will my inheritance be included in the property settlement? When you are separating, your assets and liabilities will be divided between the parties, referred to as a property settlement. If an inheritance is received by one of the parties, the way it is dealt with in a property settlement is dependent on the circumstances of […]
How long does property settlement take in Australia?
What is involved in a property settlement? Unfortunately, there is no simple way to determine how property should be divided, and it depends on the relationship’s circumstances. Our experienced family lawyers are here to help to explain this process and assess your circumstances to help you understand your entitlements for a property settlement. In summary, the […]
What happens to your jewelry after separation?
What to do with wedding ring and other jewelry after separation You are looking to separate from your partner. What happens to your engagement ring? What happens to the gold jewelry that Aunt Carol gifted you as a wedding present? Will my jewelry be included in the asset pool for the property division? As couples […]
Are overseas assets included in Australian property settlements?
Overseas assets in Australian property settlement In our increasingly globalised society, relationships between people from different countries are more common than ever before. When these relationships break down there will often be issues regarding the parties’ assets will be dealt with particularly where those assets are in different countries. The Family Courts of Australia and […]
What date is used to determine the Asset Pool?
The end of a relationship itself is often a challenging time, which is why in many cases and for a variety of reasons, couples who have separated may let some time pass before they take steps to finalise their property settlement. Identifying the “property pool” available for distribution between a separating couple is an important […]
