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Articles  >  Divorce Articles  >  Finances and Property Settlements

Finances and Property Settlements

The financial issues associated with relationship separation and divorce need to be properly managed. No one wants unnecessary costs and financial losses. Feel free to read from this growing range of financial articles.
 
The i-dont Divorce Checklist can help you consider the various issues you may need to deal with. From Legal, Financial, Counselling and many other considerations.
 
The need for financial advice is rarely more apparent than when going through a property settlement
 
Under the provisions of the Property Law Amendment Act 1999, couples living together in a De facto relationship are now able to enter into binding agreements which deal with the division of property interests upon the breakdown of their Defacto relationship.
 
Life insurance is an often misunderstood term. Most people relate this to insurance that pays out in the event of death - which is correct
 
As such a valuable asset, the home may become a source of debate during divorce due to financial and emotional considerations. It is important that you educate yourself in relevant legalities and economic realities in order to reach the best resolution.
 
After so many years of practising in family law I thought I'd heard everything...
 
... you should be aware that there are time limitations which apply in relation to lodging your application for property settlement...
 
Did you know that marriage revokes a Will? So the second anyone says 'I do', their Will is automatically revoked.
 
When superannuation splitting is being considered as part of a family law property settlement, people tend to take one of two positions
 
When negotiating a Property Settlement, your lawyer will generally want to know things like whether or not you prefer to retain the family home
 
Marriage, divorce and separation are all events which require you to change your Will.
 
Getting a divorce in Australia costs as little as $352. That's unless you're a pensioner, a prisoner, under 18 years-of-age, have been granted legal aid or fall into some other specified category.
 
If you've signed a prenuptial or postnuptial agreement and no longer agree to its terms, your rights are very limited.
 
Three Steps in Property Settlement
 
It is becoming more common these days for people who are separating or contemplating separation to negotiate an agreement and have that agreement documented so that it is binding on both parties
 
The West Australian State Parliament has recently passed the Inheritance (Family and Dependants Provision) Amendment Bill 2011.
 
How the law deals with superannuation when couples are dividing their assets after a marriage/de facto relationship breakdown
 
...when the time comes for a separating couple to decide how to divide their assets and negotiate the division this can feel like an overwhelming challenge...
 
There are many Federal laws that refer to different types of relationships. Acts often have their own definitions of 'spouse', 'de facto spouse', 'next of kin', or 'dependant'. State law generally has a single 'de facto partner' or 'de facto relationship' definition. These definitions are used to determine rights and responsibilities in areas like Centrelink benefits, superannuation, inheritances, and so on.
 
Household, Income and Labour Dynamics in Australia
 
 

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