The end of a relationship often brings a host of legal complexities, particularly regarding property settlement. Understanding the timelines associated with property settlements is crucial for anyone navigating this challenging process. This article provides a detailed overview of what you need to know, helping you approach your situation with confidence and clarity. The Importance of […]
Are overseas assets included in family law property settlements? As globalisation continue to flourish after a pause due to a certain pandemic, it is becoming increasingly common for individuals to own property overseas, such as real estate, funds in international bank accounts or international shareholdings. Dealing with overseas assets in a property settlement can be […]
If you are reading this, you may have been through the divorce or property settlement process yourself. Or instead, you may be looking at protecting assets from new partners for someone you care about. Here we explore how to protect your assets from a new partner as well as any existing partner. When a relationship […]
So you were injured at work during your marriage and were compensated for your loss of income, pain and suffering and likely, because of your employer’s negligence. This is a payment made to you and without any involvement of your spouse, so is your ex-wife is entitled to your compensation payout? Personal injury awards are financial […]
As lawyers, we are often asked: can I put a caveat on the house? Alternatively, a frustrated home owner will contact us to say their former partner has lodged a caveat against their property without their knowledge. This article explores the common bases upon which a person may lodge a caveat in the context of […]
The scheme for Capital Gains Tax (“CGT”) is derived from Part 3-1 of the 1997 Income Tax Assessment (1997 Act). In conjunction with the 1936 Income Tax Assessment (1936 Act), these two pieces of legislation are the national basis upon which all income tax matters are dealt with. Despite repeated calls for reform, Australia’s tax system remains complicated. The […]
Does my ex-partner have to reveal assets? You are not disadvantaged if your ex-partner handled all the expenses during your marriage. When a relationship ends, it’s not uncommon for one party to know more about the finances than the other. As a result, it’s necessary for a separated couple to share financial information, so that […]
Property settlements, as set out in the Family Law Act 1975, involve a four-step process. We walk you through the steps here to find out everything you need to know about how to split assets after a separation. 1. First of four steps is to identify what you and the other spouse own. If a spouse owns […]