Property Settlement Family Lawyers

Our team of property settlement family lawyers in Ipswich and Brookwater can help you understand your entitlements following divorce and separation.

property settlement entitlements following divorce or separation

To determine your property settlement entitlements after separation or divorce, our property settlement family lawyers in Ipswich and Brookwater would need to meet with you to discuss your individual circumstances.

By way of basic guidance and general overview as to how property settlement entitlements are generally determined following divorce or separation, the Federal Circuit and Family Court of Australia usually adopts a four-step methodology:

1) Determination of the asset pool available for division between the spouses - Assets, liabilities, superannuation and financial resources held jointly and individually by the spouses;

2) Determination of financial and non- financial contributions made by each spouse;

3) Determination of the future needs of each spouse - matters such as consideration of health needs, earning disparities and care responsibilities;

4) Whether the overall distribution of the asset pool is just and equitable to both spouses.

Common assets to be divided between couples after separation and included in a family law property settlement include (but are not limited to):

• the matrimonial home;

• balances of bank and savings accounts;

• investment properties;

• superannuation;

• businesses;

• share portfolios;

• motor vehicles, boats and caravans;

• furniture.

Liabilities, such as mortgages, personal loans and credit cards (to name a few), also sit in determination by a court and are often included in family law property settlements following divorce or separation.

To provide you with advice about your entitlements to a property settlement after separation or divorce, our team of property settlement family lawyers in Ipswich and Brookwater need to meet with you to discuss your individual circumstances.

NEED HELP?

If you need a family lawyer to help you understand the property settlement process, as well as your entitlements and responsibilities, our family lawyers in Brookwater and Ipswich are conveniently positioned to help you through the process.

Click on the button below to get in contact with a family lawyer at Keane Legal to discuss property settlements in family law and divorce.