Tag: financial settlement after divorce

The Intro to Financial Settlement After Divorce in Australia In Australia, family law governs the financial settlement process after a divorce, so knowing the steps is critical for achieving fairness and equity. This thorough overview discusses the financial settlement after divorce in Australia, including factors to consider, entitlements, property division, essential considerations, and the steps required for a successful settlement. The Process of Financial Settlement The Family Law Act 1975 primarily dictates the financial settlement process following divorce in Australia. This legislation establishes how assets and liabilities are divided between separating couples. The first step is gathering relevant economic data,...

Stats show that in Australia at least one-third of relationships end in divorce or separation. Usually, we don’t find accurate information about property settlement...