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Property Settlements
Despite popular belief, there is no set ‘50/50 property split’ rule when it comes to property division after the break down of a relationship. There are many factors to consider when determining what is your reasonable range of property settlement.
Such factors include:
- Your contributions relating to the acquisition, improvement and maintenance of assets of the relationship;
- Your contributions to the household and the family;
- Any special contributions such as inheritances, lump sum payments and gifts;
- Your ability to earn an income in the future to maintain yourself;
- Dependent children in your care; and
- Your health.
We offer an initial consultation to discuss your entitlements. By the end of your initial consultation we will provide you with an estimate range, and calculations to help you budget for your settlement. This way you are fully informed if you enter any negotiations with your former partner.
If you need advice on what would be your reasonable range of property settlement, please call Family Law Matters on (02) 9523 3007 to arrange an initial consultation with Antonella Sanderson.
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