Whether it is a marriage or a de facto relationship breakdown, there are some fundamental actions that should be undertaken immediately - understand these steps.
When separating from your spouse whether it is marriage or de facto relationship, you must consider the steps that you should undertake to protect your interests.
In order to protect your assets and guard against increasing liabilities, there are some fundamental actions that should be immediately performed.
The first and most important step is to seek legal advice, specifically from an experienced family law solicitor. An accredited family law specialist will give you a clear understanding of your rights.
The process can be complex, and our experience and knowledge will assist you in navigating the process to achieve a satisfactory fair and reasonable outcome in a timely manner.
Focus on setting yourself up for the future.
If your former partner was the one who took care of the money, you will need to find out how things were organised and decide how you want to manage your finances.
Some things you can do to protect your finances:
Seek legal advice – From an Accredited Family Law Specialist Solicitor about separating property held in joint names, as joint tenants, taking action, by filing a Caveat, if property is held in your partner’s sole name, to prevent it being sold before the property/financial settlement has been finalised, and update your Will, Enduring Power of Attorney and Enduring Guardianship.
Expert Advice from our Legal Specialists
Our Law Society Accredited Specialists' objective is to achieve an expedient settlement, avoiding the complexities, delays, costs and anxiety of going to Court.
In the event of a de facto relationship breakdown, it is important to be aware of your de facto relationship separation entitlements & obtain a financial adjustment
Having a Binding Financial Agreement (pre-nup) provides advantages, a way forward for both parties in the event of a marriage or de facto relationship breakdown.
Marriage & de facto property and/or financial rights, need to be dealt with as soon as possible, to provide closure & to minimise anxiety, stress and costs.