Tag: Financial Agreements

Engaging the services of a lawyer to draft a separation agreement can indeed be costly, however, reducing the time a lawyer spends on your matter can significantly lower those costs. An increasing number of Australians are Using a Separation Agreement Template in Australia to minimise the expense of property settlement. To ensure the legal validity […]

There is a pervading myth that divorce settlements in Australia split the assets and liabilities down the middle. The Family Court of Australia does not explicitly use a ratio system and instead has a complex and considered process that determines the proportion of assets each party will receive. Note: It’s important to use the right […]

There are a lot of myths about the separation of finances when separating in Australia. Some couples believe having individual bank accounts can protect them during their split, while others think you can separate finances without some form of agreement or court order. It is important to know how the Australian Family Court approaches the […]

Going through a separation or divorce can be a challenging and emotionally draining experience for any couple. In Australia, family law is a complex area, and it’s important to understand the options available when it comes to separating from your spouse or partner. Many people wonder if it is possible to separate without using a […]

In Australia, the Family Law Act of 1975 provides for the creation of financial agreements which may be made before, during, or after a marriage (or de facto relationship). A financial agreement, by definition, outlines how, in the event of the breakdown of the marriage or de facto relationship, all or any of the property […]

The separation process in Australia, fortunately, starts easily. There is no requirement for both parties to agree to a separation, and you are not required to file any paperwork with the court system. The meaning of “separation” in the Family Law Act is simply that the relationship has ended in the eyes of one or […]

Creating a separation agreement, or binding financial agreement, can cost an unsuspecting person tens of thousands of dollars. However, if you attempt to divide assets after separation without a binding agreement, it may cost you even more. It’s worth exploring the different options available to you to determine the most cost-effective process for your circumstances. […]

The answer to this question is subjective and depends upon your individual circumstances, and whether you have property that you want to safeguard from potential future claims. If there is little to divide in the property pool, you can simply walk away and get on with the rest of your life. However, a handshake deal […]

When discussing personal relationships, the legal definition of separation is quite specific. There are distinct differences between two parties being legally separated and being divorced. These differences impact your rights and responsibilities as an individual. What Is the Legal Difference Between Separation vs Divorce? The Family Law Act defines “separation” to simply mean “living separately […]

At the top of your marriage separation checklist, you should consider creating a “statement of separation declaration”. While this document is not legally binding, it can serve as evidence of the date of separation. Such evidence can be critical if there is a dispute during settlement. For more information on how to legally document your […]