Key Considerations in Property & Financial Settlements

1. Asset Inventory: The first step in achieving a fair property settlement is conducting a comprehensive inventory of all assets and liabilities. This includes not just tangible items such as homes, vehicles, and investments, but also intangible assets like superannuation (pension) entitlements, business interests, and any contract rights. A complete inventory guarantees that no asset is overlooked in the negotiation process.

1. Valuation: Once an inventory has been created, it is essential to determine the value of the assets included. This might involve enlisting the services of appraisers or accountants who can provide accurate, unbiased valuations. Accurate valuations help in understanding what constitutes a fair share for both parties and are especially important in complex cases involving shared businesses or mixed securities.

1. Contributions: Assessing the contributions of each party—both financial and non-financial—is critical in property settlements. Financial contributions may include wages, investments, and property acquisitions, while non-financial contributions may encompass home maintenance, child-rearing, and support of a partner’s career. As each asset and its value are evaluated, these contributions must be recognised in assessing entitlement.

1. Future Needs: The future financial needs of each party must also be considered. This aspect takes into account factors such as age, health, employment prospects, and responsibility for children. For instance, if one partner has been a primary caregiver, they may require additional support to re-enter the workforce. Similarly, determining whether one party relies on the other for ongoing financial support is also key to ensuring a holistic approach to settlements.

Our Services for Property and Financial Settlements

At My Family Matters, we pride ourselves on offering a comprehensive range of services to assist with property and financial settlements:

• Asset Valuation: Leveraging relationships with experts in various fields, we ensure a thorough assessment of asset values, leading to accurate information during negotiations.

• Negotiation: Our skilled professionals facilitate negotiations aimed at reaching fair settlements. We are committed to creating an environment where constructive discussions take place, leading to outcomes that consider both parties’ interests.

• Legal Advice: Understanding your rights and obligations is crucial in these situations. Our legal team provides clear, comprehensible advice that empowers you to make informed decisions throughout the process.

• Agreement Drafting: After negotiations reach a conclusion, drafting a legally binding agreement is vital. Our lawyers prepare clear, comprehensive settlement agreements that adhere to legal requirements, ensuring they are enforceable.

Ensuring Fair Outcomes

Our ultimate goal at My Family Matters is to help you achieve a property and financial settlement that is both fair and equitable. We work closely with you to understand your unique circumstances, providing personalized support throughout the entire settlement process. This tailored service approach not only alleviates the stress of navigating complex financial landscapes but also empowers you to engage confidently in negotiations.

We recognize that the journey through separation or divorce is fraught with challenges, but with the right support, it is possible to emerge with a fair and satisfactory resolution. If you are ready to discuss your property and financial settlement, don’t hesitate to reach out to us at [email protected] for a consultation. Your path to a fair settlement starts here.