Windfalls and family law property settlements
The steps involved in determining how property is divided after the breakdown of a relationship generally include:
<li>identifying the assets, liabilities and financial resources of the parties;</li>
<li>assessing the parties' financial and non-financial contributions;</li>
<li>evaluating the parties' respective future needs;</li>
<li>determining a financial settlement that is, in all circumstances, just and equitable.</li>
This is the process a Court takes in making property orders and also the approach usually adopted when negotiating a financial settlement. It is important to note that many matters are resolved without litigation and, of those litigated, many are resolved without the need for trial. <a href="https://www.klimekwijay.com">Klimek & Wijay Family Lawyers</a> can assist you with your property settlement.