Mediations Australia

Selling Property During a Divorce Divorce is a challenging process on both an emotional and financial level. Unfortunately, the split of a couple’s assets is the one item that cannot be avoided during a time like this. While some couples may go through this without any issues, many find it impossible to distribute their assets on their own. Priorities should be given to the kind of property the couple is dividing. When a marriage or partnership dissolves, it is common for a number of different types of property to need to be divided. Among the several property types are: Real estate, such as a vacation home or the family’s primary residence Superannuation or retirement savings Investments money on hand or at a bank Personal effects Cars, motorbikes, boats etc For the sake of this article, we’ll concentrate on the division of real estate, which includes primary dwellings and/or second homes. There are a few options available if the couple owns the asset jointly when selecting...

Divorce Property Settlement Examples in Australia You’ll probably come to the conclusion fairly soon that the law seems to offer you very little assistance when it comes to determining what constitutes a just and equitable property settlement in your particular case. How can you translate “just and equitable” into a concrete percentage (percent) or cash ($) amount? You’ll be curious about the size of your divorce property settlement after you separate. The purpose of this article is to provide readers with a better understanding of how Australian courts divide a couple’s assets when they separate or get divorced. We also describe how the Family Law Act specifies that financial and non-financial contributions are evaluated. The Family Law Act of 1975 gives the courts the authority to modify the parties’ property interests if they determine that doing so is just and equitable. The Courts must take into account the parties’ respective contributions to the property as well as other e...