Family Law
Property Settlement
Achieving Fair and Equitable Outcomes
Dividing property after separation can be complex and stressful, but you don’t have to navigate it alone. At Honest Grace Legal, we provide expert guidance to ensure your financial interests are protected and that the settlement is fair, equitable, and tailored to your unique circumstances.
How Property Settlement Works in Australia
The courts follow a structured process to divide property, guided by the Family Law Act 1975 (FLA). The goal is to ensure the outcome is just and equitable for both parties.
Here’s how the process typically works:
1. Identify and Value Assets and Liabilities:
2. Assess Contributions
-
Financial Contributions: These include money, savings, or property brought into the relationship or earned during it, such as wages, investments, or real estate.
-
Non-Financial Contributions: These refer to work done to improve or maintain the family home or assets, like renovations, repairs, or gardening.
-
Care Contributions: These cover looking after children, managing household duties, and supporting the family’s daily life.
3. Consider Future Needs
4. Determine a Just and Equitable Division
After considering the previous steps, the court determines a just and equitable division of property and assets between the parties.
Handling Complex Situations
We understand that no two cases are the same. Our team is equipped to manage a wide range of scenarios, including:
Hidden or Mismanaged Assets:
We’ll ensure full financial disclosure and address cases involving reckless use of marital property.
Post-Separation Assets:
Assets acquired after separation but before final settlement may still be considered.
Superannuation Splits:
We’ll guide you through dividing superannuation entitlements as part of your settlement.
Trusts and Third-Party Interests:
Whether it’s a family trust or a third-party claim, we’ll ensure all interests are handled fairly.
Inheritances and Windfalls:
Courts consider how these assets impact contributions and future needs.
Why Honest Grace Legal?
At Honest Grace Legal, we combine expertise with care to deliver tailored solutions for every client.
Here’s What Sets Us Apart:
Tailored Advice
We simplify complex legal principles and provide personalised guidance at every step.
Strategic Advocacy
Our team strengthens your position with real advocacy.
Proactive Problem-Solving
We don’t just respond to legal challenges! We anticipate them.
Transparent and Fair Fees
At HGL, we believe in providing clear, upfront information about our fees, so you’ll never face unexpected costs.
Common Questions About Property Settlement
What if my ex-partner hides assets?
Courts require full financial disclosure. If assets are hidden, the court may impose penalties or adjust the settlement accordingly.
Can I claim assets acquired after separation?
Yes, assets acquired post-separation but before the final settlement can be included, depending on the circumstances.
What happens to superannuation?
Superannuation is treated as property and can be split as part of the settlement.
Take the First Step
Property settlement is a crucial step in securing your financial future after separation. Let Honest Grace Legal guide you with clarity, care, and expertise.
Contact us today to discuss your options and start building a brighter future.
Meet Our Family Law Team
Get to know our dedicated legal team, committed to guiding you with expertise and care.
"Winners don’t wait for the perfect moment, they create it with vision and action."
"Success in law lies in the details. Every case tells a unique story, and every effort can change lives. With rational thinking and meticulous execution, I serve as both a legal advocate and a steadfast ally, committed to finding answers and delivering the best outcomes for my clients."
"Success to me involves the ability to offer reliable legal advice and support to clients during their most challenging times. It further involves ongoing support and development both personally and professionally to assist clients, fellow colleagues, and the firm to the best of my ability. I believe that embracing challenges and maintaining ethical standards are key to achieving fulfillment and creating a positive impact in the legal profession."
"Success is measured by achieving long-term positive outcomes for clients and the trust built with them. It’s about ensuring each step of the process is handled with precision and care, consistently striving for excellence, and making sure clients feel supported and confident in their legal journey. "
Need Help? Submit an Enquiry
We're here to help. Submit an enquiry, and our expert team will reach out to you. With local expertise and a national network, you can rely on our experience.