If separated parties have reached agreement regarding their property settlement, this is often formalised by filing an application for Consent Orders with the Family Court. Once the application is filed, a judicial officer will review it, and if satisfied, the Orders will be sealed and made into Final Orders.
The outcome of property settlement for different couples is never the same due to a number of factors. In this blog, we are going to look at how a short marriage or short relationship (a couple of years as opposed to, for example, several decades) may impact property settlement negotiations and finalisation.
When separating from a former spouse or de-facto partner, it is common for parties to work together to reach a settlement on their financial relationship so both parties can move on to the next stage of their life. However, it is just as common for one party to delay finalising that property settlement.
Several tax considerations often arise during family law property settlements, whether it is settlement by consent or the matter goes to trial in the Family Courts.
Grants, including the first home owner’s grant, are most relevant in family law property settlement negotiations when real property is owned in joint names, and grants are received in joint names tied to that real property.
When infidelity is a contributing factor to separation, common questions asked of family lawyers often relate to property settlement and whether one party can claim more from the cheating partner.
Many separated partners try to resolve their property settlement as soon as possible. However, there are many reasons property settlements are not finalised as quickly as parties desire. In this blog, we explore what happens if one party dies before the property division is finalised.
In family law property settlement matters, an asset pool is the total value of all the assets of the relationship. Understanding the full makeup of your asset pool is crucial to getting your fair share in property settlement after separation.
With the commencement of the Federal Circuit and Family Court of Australia (FCFCOA) on 1 September 2021 came a new appeals process for matters within the family law court system.
On 18 August 2021, the Family Court of Australia and the Federal Circuit Court announced the launch of a new National Contravention List designed to handle ongoing problems associated with compliance with Family Court Orders. The NCL took effect on 1 September 2021.
A family law pre-trial conference is similar to a mediation-style conference, however, it is conducted by a Registrar of the Court rather than a mediator. Pre-trial conferences are only held in respect of financial disputes and parenting disputes.
To finalise separation from your partner, there are a number of issues that should be considered and addressed over and above obtaining a Divorce Order (if you were married) or simply moving on with your life if you were in a de facto relationship.