BINDING FINANCIAL AGREEMENTS
A financial agreement is a binding legal document that sets out how property and financial resources are to be divided in the event a relationship/marriage breaks down. A financial agreement may be entered into before marriage (also known as a prenuptial agreement), during marriage or after separation/divorce. These agreements also apply to de facto and same sex couples.
DIVORCE
Divorce is when a marriage is officially dissolved by a Court order. To apply, applicants must meet certain requirements. One crucial requirement is the parties must be separated for at least 12 months. We can assist in preparing the necessary paperwork for a sole or joint divorce application.
PROPERTY DIVISION
There are three binding ways that joint property of a marriage/relationship can be divided when couples break up:
1. Financial Agreement.
2.Consent Orders.
3.Court Proceedings.
The first two options are only possible if both parties to the marriage/relationship come to an agreement, either by private negotiations or formal negotiations between lawyers. It is well known that being a party to Court proceedings is extremely expensive, time consuming and very stressful but sometimes this is the only way to get a result, especially when the parties do not agree. When assisting clients in Court proceedings for property matters, we take a practical approach and aim to reach a settlement whenever possible.
