Divorce and property settlement are two completely separate matters of Family Law, but many couples frequently confuse the two. A property settlement is needed because a divorce doesn’t sever the financial part of a relationship. So, what are the differences between getting divorced and a property settlement?
One of the most important legal steps after the breakdown of a marriage or de facto relationship is for both parties to come to a property settlement. This can either be negotiated and agreed to between the parties or be made by application to the court. In this post we look at:
Australia’s No. 1 Family Law Myth – Partners Automatically Get Half the Property on Separation or Divorce
The worst thing about separation and divorce is that your former partner will get half of everything, no matter what, right? Well, no. In Australia there is no right for either spouse to get half of the property or marital assets from the marriage. In this article, we dissect this ‘equal division’ or’50/50’ separation myth and explain the actual rules for property settlement in Australia.
When a marriage breaks down it is important to consider how you will deal with this legally. There are several crucial components to permanently ending the relationship, including the separation/divorce itself, ongoing care for children, and financial/property settlements.
This document is a general guide to divorce law in Australia. In this Guide, we set out:
Divorce is one of the most emotional experiences that one can go through in life. It disrupts regular routines within a family and throws the parties into uncharted territory marred by uncertainty.