Leading Property Settlement Lawyers For Lilyfield
When facing a separation or divorce, one of the most critical aspects to address is the division of property and assets. At Corestone Lawyers, our experienced property settlement lawyers are here to guide you through this complex process, ensuring your rights are protected and you achieve a fair outcome.
Free 1st Consultation with a Lawyer
Understanding Property Settlement
Property settlement is the legal process of dividing assets and liabilities between separating couples, whether married or in a de facto relationship. This process is governed by the Family Law Act 1975 (Cth) and can be a challenging and emotional journey. Our expert property settlement lawyers are here to help you navigate this difficult time with compassion and professional expertise.
The Property Settlement Process
1
Identifying the Asset Pool
The first step in any property settlement is to identify and value all assets, liabilities, and financial resources of both parties. This includes:
- Real estate
- Vehicle
- Bank accounts and investments
- Superannuation
- Business interests
- Debts and loans
Our property settlement lawyers will help you gather all necessary financial information and ensure full disclosure from both parties.
2
Assessing Contributions
We’ll help you identify and document all contributions made during the relationship, including:
- Financial contributions (e.g., income, savings)
- Non-financial contributions (e.g., homemaking, childcare)
- Initial contributions (assets brought into the relationship)
- Inheritances or gifts
3
Considering Future Needs
Our lawyers will assess factors that may impact your future financial circumstances, such as:
- Age and health
- Income-earning capacity
- Care of children
- Financial resources
4
Determining a Fair Division
Using our expertise in family law, we’ll help you negotiate a fair division of assets that considers all relevant factors and is in line with the Family Law Act 1975 (Cth).
5
Formalising the Agreement
Once an agreement is reached, we’ll help you formalise it through either:
- Consent Orders: A legally binding agreement approved by the court
- Binding Financial Agreement: A private contract between parties
Options for Resolving Property Disputes in Lilyfield
At Corestone Lawyers, we understand that going to court isn’t always the best solution. We offer various methods to resolve property disputes:
- Negotiation: Our skilled lawyers can negotiate on your behalf to reach a fair agreement.
- Mediation: We can represent you in mediation sessions, working towards a mutually acceptable solution.
- Collaborative Law: For those seeking an amicable resolution, we offer collaborative law services.
- Litigation: If necessary, we have the expertise to represent you in court proceedings.
Book a Free 1st Consultation To See How We Can Help You
We will call you within 24 hours.
Dealing with Complex Property Settlements in Lilyfield
Some property settlements can be particularly complex, involving:
- High-value assets
- Business interests
- Trust structures
- International Assets
- Superannuation splitting
Our experienced property settlement lawyers have the knowledge and skills to handle even the most complex cases in Lilyfield, ensuring your interests are protected.
Consistently Rated 5-Star by Our Clients
Timeframes for Property Settlement
It’s important to be aware of the time limits for initiating property settlement proceedings:
- For married couples: Within 12 months of your divorce becoming final
- For de facto couples: Within 2 years of the relationship ending
Don’t delay in seeking legal advice, as these timeframes are strictly enforced by the court.
Book a Free 1st Consultation To See How We Can Help You
We will call you within 24 hours.
Our Latest Practical Guides & Advice
Deposits are a common feature in commercial transactions across various industries, serving as a commitment from the buyer and protecting the seller against financial risks
Distressed asset sales have become increasingly common in NSW, presenting unique opportunities for investors, lawyers, business buyers, and advisors. These sales involve businesses selling assets
Voluntary deregistration is a process that allows a company to formally close and cease to exist as a legal entity in Australia. This option is
Selling your business through a share sale can be a complex and challenging process, particularly when it comes to finding the right buyer. A share
Selling a manufacturing business involves navigating a complex landscape of legal considerations unique to the industry. From intellectual property rights and equipment valuation to third-party
Selling a business that carries stock involves complex considerations and careful planning to ensure a smooth and successful transaction. Stock management is a critical aspect
Why Choose Corestone Lawyers for Your Property Settlement in Lilyfield?
At Corestone Lawyers, we’re committed to protecting your rights throughout the property settlement process.
- Specialised Expertise: Our team consists of dedicated family lawyers who focus exclusively on family law matters, including property settlements.
- Personalised Approach: We understand that every relationship is unique, and we tailor our services to meet your specific needs and circumstances.
- Comprehensive Support: From initial consultations to finalising agreements, we're with you every step of the way.
- Strong Negotiation Skills: Our lawyers are skilled negotiators, aiming to resolve disputes efficiently and cost-effectively.
- Court Experience: If necessary, we have the expertise to represent you in the Family Court of Australia.
Frequently Asked Questions
What is a family law property settlement?
A family law property settlement is the process of dividing your property following a separation or divorce, whether from a marriage or de facto relationship. It involves assessing the property pool, considering financial and non-financial contributions, and determining an equitable distribution. Our property settlement lawyers can guide you through this complex area of law.
How long do I have to finalise my property settlement after separation?
Time limits apply for property settlements. You have 12 months from the date of your divorce order if you were married, or 2 years from the date of separation for de facto relationships. It’s crucial to consult with experienced family lawyers promptly to protect your property rights.
How do the Federal Circuit and Family Court determine a fair property settlement?
The court considers various factors to ensure an equitable division, including:
- The net property pool
- Financial and non-financial contributions of each party
- Future needs, including child support obligations
- The best interests of any children involved Our family law team can help you navigate property matters and advocate for the best possible outcome.
Can one party keep the family home in a property settlement?
Yes, it’s possible for one party to retain the family home in Lilyfield or somewhere else, but this depends on various factors. The process requires careful consideration of the overall property owned and the financial circumstances of both parties. Our specialist family lawyers can advise on the best property settlement strategy for your situation.
Do I need a lawyer for my property settlement?
While not mandatory, having a family lawyer can help ensure a fair property settlement. Divorce property settlements can be complex, especially when dealing with high-value assets or business interests. Our property settlement lawyers are experienced in handling property settlements in Lilyfield and can protect your rights under family law throughout the process.
Helpful Links
How We Can Help
Site information
Liability limited by a scheme approved under Professional Standards Legislation.
Copyright © 2024 Corestone Lawyers. All Rights Reserved