In Australia, property settlement for divorcing couples is calculated using a four-step process. Firstly, the assets, liabilities and financial resources of the couple are identified and valued. Secondly, the financial and non-financial (such as the home duties role) contributions are assessed. Thirdly, the future needs of the parties are considered, e.g responsibilities to care for children and mental and physical capacity to gain future employment etc. Finally, the Court turns its mind to whether the effect of the above three steps is just and equitable in all the circumstances.
Should you and your former partner decide to sell your property, the Conveyancing team at D'Angelo Legal are able to deal with the settlement of your property in a cost effective and timely manner. In addition, our Commercial team is able to assist with the division of complex and simple property settlements and we are also experienced in dealing with business structures should this be required.