Property Settlement

Following separation, it is likely that you will require a financial/property settlement.

The law in respect to property and financial matters is complex and how your assets, liabilities and superannuation will be divided will depend on many factors.

We are here to provide advice in respect to your entitlements and formulate a framework to resolve your property matter without resort to litigation.

Property Settlement Services

There are two ways in which your property settlement can be formalised (outside of litigation):

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Consent Orders

This is the ideal option when you have an amicable settlement with your former spouse/partner.

Consent Orders are binding and enforceable, however, litigation is not required.

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Binding Financial Agreement

This is an option for various family law scenarios.

Understanding Property Settlement in Family Law

When a relationship ends, navigating the complexities of property settlement can be one of the most challenging aspects. At Village Family Lawyers, we understand that each situation is unique and that the division of assets can be emotionally and financially taxing. Our goal is to provide you with the clarity, support, and expert legal advice you need to secure a fair and equitable outcome.

What is Property Settlement?

Property settlement refers to the legal process of dividing assets, liabilities, and superannuation following the breakdown of a relationship. This process is crucial in ensuring that both parties walk away with a fair share of the property acquired during the relationship. The law surrounding property settlement is multifaceted, and each case is assessed on its own merits, taking into account various factors such as the length of the relationship, the financial and non-financial contributions of each party, and the future needs of both parties.

How We Can Help with Your Property Settlement

At Village Family Lawyers, we are committed to helping you navigate the property settlement process with confidence and peace of mind. Our experienced team will work closely with you to understand your unique situation and provide personalised advice that aligns with your goals.

Consent Orders

Consent Orders are a practical solution for couples who have reached an amicable agreement regarding the division of their property. This method allows you to formalise your agreement without the need for court proceedings. Once approved by the court, Consent Orders are legally binding and enforceable, providing you with the security of a formal settlement without the stress and expense of litigation.

Binding Financial Agreement

A Binding Financial Agreement (BFA) is another avenue for formalising a property settlement. This option is particularly useful in situations where parties wish to avoid court intervention or when they require a tailored approach to suit their specific circumstances. A BFA can cover various family law scenarios, including property division and spousal maintenance, and offers a flexible alternative to Consent Orders.

The Importance of Legal Guidance

Engaging with experienced family lawyers during your property settlement is essential. The legal framework governing property division is intricate, and having a knowledgeable lawyer by your side ensures that your rights and entitlements are fully protected. At Village Family Lawyers, we pride ourselves on providing clear, practical, and compassionate advice. We will guide you through each step of the process, helping you understand your options and make informed decisions that support your long-term financial well-being.

Moving Forward with Confidence

Property settlement is a significant step in moving forward after separation. Our team is here to support you through this process, offering expert guidance to achieve a fair resolution that meets your needs. Whether through Consent Orders, Binding Financial Agreements, or other legal avenues, we are dedicated to helping you secure a positive outcome.

Contact us today for a free telephone consultation and let us help you move forward with your life.

Telephone  1300 413 997

 

Office Locations

Mornington Peninsula
& Bayside Office
Unit 1 / 24A Ranelagh Drive, Mount Eliza, Victoria, 3930

Eastern Suburbs Office
Level 1, 908 Doncaster Road, Doncaster East, Victoria, 3109

Postal Address
PO Box 21, Mount Eliza, Victoria, 3930

For any inquiries or to schedule a consultation, please reach out to our office on 1300 413 997 or send us a message via our Contact Page.

We are here to provide compassionate and knowledgeable support tailored to your unique situation.

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