Property Settlement

Untangle your finances and come to an agreement about the assets that you will each retain

The complexities of property settlement can be daunting and confusing. If you misunderstand the process or make a mistake, it could cost you dearly. At Robson & Oliver Solicitors, we understand this, and we’re here to help.

We work with recently separated or divorced couples to help them untangle their finances and come to an agreement about who owns what. We understand that every couple’s situation is unique, so we tailor our advice to suit your needs.

We also understand that going through a property settlement can be emotionally charged, so we always aim to resolve matters in a way that is respectful and amicable.

If you’re going through a property settlement, we can help. Contact us today to find out more. Based in Sawtell, our property lawyers work with clients across Coffs Harbour, Bellingen and surrounding areas.

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How Does the Court Decide?

The first step in any property settlement is to calculate the value of each person’s assets and debts. Once this has been done, the court will consider a number of factors to decide how the property should be divided.

These factors include:

  • The financial & non-financial contributions each person has made to the relationship
  • The future needs of each person, including their age, health, employment prospects & income
  • Any caring responsibilities each person has for any children from the relationship
  • The impact of any previous relationships either person has had on their current financial situation
  • Any other relevant factor the court considers to be necessary

The court will also take into account any agreement the couple has reached about how their property should be divided. If the couple can’t agree, the court will make a decision that is fair and equitable to both parties.

Frequently Asked Questions

Property settlement is the process of dividing up your assets and liabilities after you separate from your partner. The process can be done through negotiation, mediation, or court. Assets may include the family home, investment properties, cars, furniture, and superannuation. Liabilities may consist of mortgages, loans, credit card debts, and any other debts you and your partner have.

No, you do not need to go to court to property settle. You can reach an agreement with your partner through negotiation or mediation. However, if you cannot reach an agreement, you can ask the court to make a decision.

The length of time it takes to property settle depends on a number of factors, such as how much you and your partner agree on and whether you go through mediation or court. If you reach an agreement through negotiation, it can take a few weeks. If you go to mediation, it can take a few months. If you go to court, it can take several months to a year.

A lawyer can help you understand your rights and options and can negotiate on your behalf. A lawyer can also give you legal advice about your specific situation. If you go to court, a lawyer can represent you and argue your case.

Achieving Fair & Amicable Outcomes

When you choose Robson & Oliver Solicitors to help with your property settlement, you can be confident you’re getting the best possible service. We will thoroughly assess your individual circumstances to provide tailored advice and help you reach a mutual agreement with your former partner.

If you’re facing a property settlement, don’t delay in seeking legal advice. The sooner you act, the better your chances of achieving a fair and amicable outcome.

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