Property Settlement is the name given to the process of dividing the assets, liabilities and financial resources of a relationship. Pippa Colman & Associates Law Practice is your Sunshine Coast property settlement experts.
Sometimes the parties will amicably agree as to what items they keep and what they won’t. However, in the instances where the parties cannot agree, the Court has devised a process, whereby with careful evaluation of the property pool, it can be divided in a just and equitable manner.
There is a misconception about assets being divided equally – 50 to 50 – this is not the case and it is determined by many contributing factors such as:
- the amount of the property pool
- financial and non-financial contributions
- the future needs of both parties
- the duration of the relationship
- the income earning capacity of each party as well as the parenting contributions of the parties before and after separation
Should the parties be unable to agree on a property settlement, there are set time requirements wherein they must make an application to the Court in order for the Court to determine the division. For married couples, they have 12 months from the date of their divorce to make the application, whereas de facto couples have 24 months from the date of their final separation. If an application is not made to the Court within these time periods, the parties are required to seek the leave of the Court to make their application, and this leave is not usually granted as a matter of course.
We can help you obtain a Property Settlement. Call us now, or get started online today.
Get started anywhere, any time with our online questionnaire!
Our questionnaire will give you important family law information that is: free, instant, personalised, helpful, gives you peace of mind, saves time and there are no obligations!
WHAT WE DO
How can we help you?
Feeling in control of your situation is a large part of a successful outcome and the knowledge you are able to move on with your life with your dignity intact. Our emphasis is on helping you achieve this.
The experienced team at Pippa Colman & Associates Law Practice work exclusively in Family Law matters across the Sunshine Coast.
Pippa Colman & Associates Law Practice conducts free information seminars throughout the year.
Separation is typically a time of upheaval. You may feel emotionally exhausted and overwhelmed by the new changes, financial constraints and family dynamics.
“Sometimes the parties will amicably agree as to what items they keep and what they won’t. However, in the instances where the parties cannot agree, the Court has devised a process, whereby with careful evaluation of the property pool, it can be divided in a just and equitable manner.”
Connect with us
Phone: 07 5458 9000
"Click Here to Download eBook"
Liability limited by a scheme approved under Professional Standards Legislation.
Follow Us Online
Our emphasis is on helping you achieve a successful family law outcome, get in touch with us below.