A Binding Financial Agreement is a written agreement that allows couples to choose how to manage property, superannuation, spousal maintenance and other financial resources in the event of a relationship breakdown. They are an excellent option for couples who are still on amicable terms and wish to have the final say on the division of […]
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The Family Law Act 1975 (Cth) allows for the division of certain superannuation interests between parties to a marriage or de facto relationship. Before making the financial decision to divide your superannuation assets with your partner, it is important that you are aware of the process of how to split superannuation, and what is involved […]
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Property Settlement refers to the process of determining how assets and liabilities of a matrimonial or de facto relationship will be divided between parties upon separation. In the event of relationship breakdown, it is an important step towards severing the financial ties between you and your former partner. As part of this process, the law […]
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There is no denying that separating from a long-term partner is among the toughest life experiences a person can go through. As well as dealing with the emotional fallout, you will likely encounter other practical issues such as organising finances, where you’re going to live and how to take care of your children. But ever […]
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Over the last few decades, Australia’s family law system has evolved significantly to recognise de facto relationships. These developments in the law are a result of changing societal values and attitudes towards relationships outside of marriage. Nowadays, de facto couples are entitled to much of the same financial, property, and parental rights that the law […]
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Sometimes things don’t always work out the way we planned especially when it comes to relationships. According to the Australia Bureau of Statistics most recent data, the Family Court granted 49,116 divorces across Australia in 2019 [1]. Ending a marriage is never easy. But before you make a decision, you may want to consider the […]
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