Property Settlement During Divorce In Australia

When couples separate and divorce in Australia, one of the big decisions that have to be made is ownership. When couples separate, they often own common property that they have lived in for a long time.

That is why it is very important to have a mutually agreed-upon ownership agreement. You can also look for the best and experienced property settlement lawyers via https://www.kpl.net.au/property-settlement/.

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The settlement is generally considered the most complex aspect of the divorce process. After officially separating, the couple can start the process at any time, but it must occur within 12 months of the legal divorce.

Unless you agree out of court with your husband, the agreement can last up to 2 or 3 years. It is also important to note that legal assistance is not available for billing purposes.

Perhaps the first thing to decide about property is who will live where after the divorce. In some cases, for example, one ex-spouse can live in the marriage house while the other moves to another location.

In other cases, both partners may choose to move, which means selling the family home and dividing the property. Cash or other assets must also be shared between the parties, which means that the process is often complex and arduous.

It is important for both parties to think rationally before making a real estate settlement decision. This is very important because all court orders are final and cannot be overturned in the same way as childcare completion.

It is often advisable to consult a lawyer when dealing with real estate. Mediators are also available who can act impartially and facilitate negotiations by acting as conveyors of information between the parties.

 

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