What Are The Property Settlement Facts Your Divorce Lawyer Wants To Know?

Many Australians are unaware of the complexities of property settlement and the distinctions between it and divorce procedures; nonetheless, it is vital that you understand key basic components before embarking on either.  We will give insight into this area of law at Shore Lawyers, ensuring that you are well-versed in the fundamentals of property settlement. This will not only help you be a better client to your lawyer, but it will also help you in navigating an emotional and complex situation.

 

You Don’t Have To Go To Court To Complete Your Property Settlement Case

Many people mistakenly assume that all issues are resolved in court; however, this is far from the reality. While you should retain experienced legal counsel throughout your case, you do not need to go to court to get a resolution; you can reach an agreement without going to court.

Property settlement actions must be started within a certain amount of time.

Both married and de facto couples have deadlines for starting property settlement actions. While you may start the property settlement process the day you split, each one has a deadline. Married couples have 12 months from the moment their divorce is complete to begin divorce procedures. De facto couples have two years from the date of their separation to file for divorce. Contact the solicitors in Sydney if you find yourself in the unpleasant circumstance of needing legal advice or assistance in connection with your divorce, or property settlement.

Property Settlement is more than just property-

Clients should be aware that property settlement is not simply about physical land or a physical structure, despite the name's deception. All property possessed by one or both parties is covered by the property settlement. Cash and investments, personal property (cars, furniture, jewellery), property acquired before the marriage/relationship, gifts and inheritances, and redundancy payments are all examples of assets.

Realizing all that is encompassed by the term "property" in a settlement case can assist clients in preparing for forthcoming important asset division decisions. It is essential to hire the best Lawyers in Sydney to assure that you get what you deserve.