The coronavirus (COVID-19) has triggered a domino effect on the world as we knew it, causing many of us to reconsider current and future plans. For those involved in a family law financial property settlement, it presents issues that may now need to be considered or revisited.
Overseas travel with a child or children after separation can lead to stress and anxiety. This may be due to concerns that a child will not be returned, or frustration when it is difficult to obtain one parent’s consent for a child to travel for a family holiday or life experience.
Family law issues can be disruptive to a business entity, with the potential to adversely affect its activities, cashflow, and financial viability. Problems can stem from a relationship breakdown between domestic co-owners, or the divorce or separation of a third-party business partner or shareholder.
If you have separated from your spouse or de facto partner, deciding what to do about the family home can raise a whirlwind of emotions. Many memories are often attached to the family home – good and bad – and while some may want to retain the home and all the sentiment that goes with it, others may want nothing more than to move on.
Surrogacy is the process involving a substitute mother bearing a child on behalf of another person or persons. Altruistic surrogacy arrangements are legal in Australia and can provide benefits for all concerned. Those unable to conceive are given the opportunity to parent a child and the birth mother brings that child into the world.
A financial agreement is a contract that deals with the division of a couple's assets after they separate, or in the event that they separate. They may be made before or during a marriage or de-facto relationship, or after it breaks down.
If you’re in the unfortunate situation of going through a break-up you have probably heard all sorts of ‘advice’ from well-meaning friends and family.
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.