When thinking of divorce or separation, there are several issues or matters that need to be handled. One such matter is related to property settlement.
Resolving property settlement matters is not an easy task. In fact, one of the most filed litigation is related to property. It is not just in Australia but all over the world.
A property settlement is a kind of arrangement to divide assets, liabilities and financial resources between parties when they decide to divorce or separate. It is not necessary to take a property settlement case to the court. In fact, it can be made without the court’s assistance. This way you will save time and money.
Another good aspect of settling the matter without the court’s assistance is that this way you may be able to improve your relationship with the other party. In the long run, this may help resolve any future disputes.
There are many ways to make a property settlement without the court’s assistance. The best option here is to seek assistance from best property settlement lawyers to prepare your property settlement.
For property settlements, most of us start searching over the Internet “best property settlement lawyers near me”. But before doing so and looking for best property settlement lawyers, you need to have some clear idea about the valuables that need to be divided. For property settlement, you need to make a list of valuables first. Property can include almost anything of value, such as:
• Property owned jointly or independently
• Business interests
• Trust interests
• Assets acquired through inheritance
Not just the property acquired during the relationship, but even the valuables owned prior to and after the separation must be included in the property settlement list. Both the parties have rights on these valuables too.
Apart from valuables, in property settlement matters liabilities such as debts, loans, tax, and stamp duty obligations must also be divided between the parties. Division of liabilities between the parties is a must, irrespective of whether they are held jointly or individually So It’s always advisable to hire best division lawyer in Perth.
Before going to meet the best property settlement lawyers in Perth, be sure that the list is prepared. Even if not prepared, the property settlement lawyers will make the necessary queries and prepare one before doing anything else.
After a thorough discussion with both the parties, best property settlement lawyers can prepare a draft highlighting the property settlement norms.
When both the parties agree on the terms of a property settlement, the best property settlement lawyers will have the agreement finalized. This can be done either by applying to the court for a consent order or making a financial agreement.
Consent orders: When both parties agree on a property settlement, a written agreement in the form of a consent order is prepared and signed by the parties. This written agreement needs to be approved by the court. Once the court approves the order it becomes a legal document and both the parties will be bound to follow it. A consent order can be approved without even attending the court. The best property settlement lawyers will represent you in the court.
Financial agreements: A financial agreement is like a contract where it is mentioned regarding property is to be divided between the parties. This financial agreement can be made before, during or after a relationship and need to be signed by both the parties. Best property settlement lawyers are aware of all the norms required for preparing financial agreements for property settlement.
While taking help of best property settlement lawyers is beneficial, but bear in mind that there is no guarantee that property will be divided equally between the parties. There is no set formula to determine a property settlement as per law.
Each property settlement case is different, and hence the best property settlement lawyers handle each case differently.
At Property Settlement Lawyers Perth, you can seek legal advice regarding the best possible ways to resolve property settlement matters. Property Settlement Lawyers Perth also provides legal services such as due diligence services and corporate settlement services.
Contact Property Settlement Lawyers Perth today to get all sort of property related legal services.