News.

Most property settlements are reached through negotiation, without the need to attend Court.  Agreements reached can then be formally documented through means including a binding financial agreement or consent orders. As a last resort, the parties may need to initiate Court proceedings whereby orders will be made regarding the division of the parties’ property. No matter how a property settlement is reached, it is important to be aware of the financial impact of the proposed agreement before finalising it. Family lawyers often recommend working with a financial advisor to ensure a property settlement delivers an optimum financial outcome for the client. We explain below some of the benefits in working collaboratively with a financial advisor and lawyer.

Separating couples involved in a family law property settlement are often under emotional and financial pressure. When one or both parties are involved in a business, this can add additional stress and complexity to the division of property. A business interest, whether held individually or jointly, through a partnership, company or trust, forms part of the asset pool and must be accounted for when dividing property. A formal valuation for the business can help provide clarity and assist the parties to negotiate a financial settlement.

Many couples separate on amicable terms or may put aside their differences sufficiently enough to resolve matters between them pragmatically.  They may then choose to make informal arrangements regarding the division of their property.  However, the failure to legally document a property settlement is almost always unwise for many reasons, not least of which is that either party remain open to pursue an outcome through the Family Court.

When a relationship breaks down, it is common for disputes to arise over the ‘ownership’ of an inheritance received by one of the parties.

Many couples are able to agree on arrangements for the ongoing care of their children after they separate. These arrangements can be documented through parenting plans or formalised in consent orders without the need to attend Court.

If you have separated from your spouse or de facto partner, you may be entitled to claim spousal maintenance.

We are pleased to inform you, with effect from Monday, 29 October 2018 Klimek & Wijay Family Lawyers will be located at the following location: Level 4, 66 Kings Park Road, West Perth

Unfortunately, many separations end in hostile disputes over money. A common situation when trying to resolve property matters is when one partner makes a considerable dent in the family finances by squandering assets or racking up additional debt.

Australia is a multi-cultural society, one of the most ethnically diverse countries in the world.  Australians also tend to be well-travelled.  It is not surprising, therefore, that parents will want to take their children overseas. How does that work when those parents have separated?

We’ve all had times when we can’t recall a conversation someone else swears we had. Often, one person in a relationship is more adamant about their memory than the other person. Usually, those mini-disputes are minor blips in an intact relationship. But what if it’s no longer an intact relationship? What if the “he said/ she said” dispute becomes part of family law proceedings?