When it comes time to divide assets and property, often due to the end of a relationship, it is important to call on the services of top property settlement lawyers Perth. You can have focussed, expert and strategic legal advice from experienced lawyers in a supportive setting during such a difficult time. With a lawyer, you can get the best settlement possible and better understand your obligations and your rights.
Separation and divorce is hard
A lot of couples share debt, and own assets and property together whether in a marriage or a de facto relationship. But often one or both bring property, liability and assets to the relationship as well. When together it is possible one earned more income than the other contributing more financially. But the other likely contributed in other ways. When the relationship ends it can then be a complicated situation that requires the help of property lawyers, Perth.
Often one of the more difficult things about a separation is coming to an agreement about those matters. That agreement is referred to as property settlement, it is not just about the house you own, it is about all liabilities and assets. When some things are in one person’s name, some in the other, some are joint, some are from before the relationship and so on, it takes guidance from legal experts to navigate it all.
There are no rules as to how the property divides
It is worth noting that a married couple has a year from the divorce to complete the settlement or issue going to court. Couples in a de facto relationship have two years from the separation. There are no rules about how much each person gets. There is no assumption that the division must be 50/50 or equal, there are no rules for the court to follow. Every case is separate and there are a lot of factors involved. How each party is doing financially, age and health, what non-financial contributions were made, care of children and so on. The court decision is unbiased and makes a ruling on property division that is based on the facts and that is appropriate to them.
A complex legal process
Property settlement lawyers Perth will help guide you, negotiate for you and represent you in court. A very important part of their help includes making sure the agreement is documented. This is the only way to ensure the agreement you reach is legally binding. There are actually three options,
Conclusion
Property settlement and separation are stressful, emotional, difficult and confusing. Finding great property lawyers Perth means you have someone on your side, helping you understand the legal jargon, making sure you work towards a fair settlement and advising you when you need it. Get in touch with them as soon as you can so you have the best people on your side from the start.
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