Find the best property settlement lawyer in Melbourne- Australiafamilylawyer
Australia
is a country where one out of three marriages ends up into divorce and
separation. According to reports every year there’s an increase of about 5 percent divorce cases in Australia. Now, these separations do not just remain with the relationship but it extends to every shared belonging of the partners which
has to be shared among them through a legal process to avoid litigation or
other such future troubles. Property remains an important part of it.
The property settlement is a matter different from divorce but likewise, the matter comes
under section 79 of Australia family law act were married couples or people in a de facto relationship have to clear out their property sharing before or after getting
divorced. In other words, the financial relationship is equally distributed
with mutual agreements of the partners keeping in mind their future needs. Also, each member has an obligation of providing exact disclosure of their financial
circumstances.
Property settlement generally goes through a four-step process were initially the court
identifies the properties and values them according to its current rate. After
which it assesses the contribution of both the partners in the property so that it
gets divided according to the share. Further in the third step, it determines
their future needs and at last the court after having all the evidence decides
whether the property pool settlement is just and equitable. Also if the court
finds during the proceedings that one among the parties is trying to hide their
financial position then he/she can get a new case filed against him by the other
party.
Property
is such an asset which goes through a lot of paper works and documentation process
even during the time of its purchase and sell which makes it very evident that
during the time of its distribution, the work gets even more complicated and is
needed to be handled with proper attention because a single mistake can invite new trouble for you.
Australia family lawyer provide you solicitors who
are an expert in dealing with property settlement cases with many years of
practice in the field and multiple solved cases under their names. So if you
were feeling panicky of taking up the challenge of property settlement our firm
extends its helping hand towards you so that you get out of the bother and
proceed without any fear of being legally charged.
Get the best asset protection lawyer in Australia- Australiafamilylawyer
Assets
are a hard-earned property which is either residential or commercial and one can
acquires it through family heritage or by investing his/her good sum of money
in it. People usually get much attached to their properties not just because of
the money involved in but also because usually, they share an emotional
attachment with it or it remains to be one among their dream buy.
It
only feels good when the property/assets multiples as that become a symbol of
your financial worthiness and who on this earth does not wish to create more
wealth. But with owing such lavish belongings you also catch hold a lot of eyes
ready to snatch it away from you making you go helpless. Even a slightest of
your mistake can get a lawsuit hit on you which can go heavy on your pocket.
And in this unpredictable world, you never know when your business can face
recession or your relative’s pop out with a family
dispute. So when you own a property in a litigious country like Australia, you
have to be very careful about fulfilling all the legal parameters without any
mistake.
Asset protection comes under the family law cases of Australia and is also reported
to be one of the most neglected forms of financial planning. Even divorce and
separation cases at times comprise to sharing of assets and liabilities. One
needs to build a clear wall of protection around their asset so that it does
not go on to increase your liabilities in future, as it’s likely said the more
the asset the more the risk of increasing liabilities.
There
are several ways through which one can protect their assets abiding by the
Australian law. For example, one can get into a financial agreement or through
insurance but at times that’s just not enough and you need a guidance of a lawyer who could provide you with better ways of asset protection and with strategies
which can help you have a tax effective asset protection.
A
good strategic wealth plan can only be provided by someone who holds enough of
practice and knowledge in the field. Australia family lawyers one among the
leading family law firms of Australia provides you with best family lawyers in Australia who are experts and professional in their field, ready to take up all
your property related queries and provide you with the best solutions to save
your bigger investments with complete clarity. So before you plan to invest
more on your property make sure that they are protected and fulfills all the
legal requirements with our help.
