A relationship breakdown can be one of the most stressful events in a person’s life, particularly if it is not amicable and there are children involved. It can leave you completely mentally and emotionally drained. Having to sell a beloved family home is an added emotional stress and you can find yourself in the middle of a nightmare.
- Tags: Selling Property; Property Investment, Law
The laws around property settlement in these types of situations can be quite complex. In addition, there have been changes to the Family Law Act 1975 (the Act) that can impact the final outcome of a property settlement.
Since the introduction of the Act in 1975, there is no longer any fault associated with divorce. The grounds for divorce are that the marriage has broken down irretrievably, which is evidenced by the parties to a marriage being separated for a period of not less than 12 months. Separation can involve one party leaving the home, but can also be a couple living separate and apart under the one roof as, quite often, economic circumstances necessitate a couple continuing to live together although the relationship has broken down.
However, the future definitely belongs to those who are prepared; those who are aware of their rights and responsibilities and how to strucuture your private and jointly held assets. In this ebook, Geoff Brazel from Brazel Moore Family Lawyers in Gosford answers the most commonly asked questions about divorce, defacto relationships, property, children, court proceedings, costs and Wills.
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by David Hamilton Developed by Geoff Brazel
Your Guide to Property and Divorce
palmbeachfn.com.au October 2016
First National Palm Beach
15 Palm Beach Ave Palm Beach, Queensland 4221
Phone: 07 5559 9600