I now provide three examples applying the four step approached discussed in my previous post as to how the Family Court applies the approach in real-world situations.Read More
Couples who are married or are living together in a de facto relationship are entitled to have a property settlement.
The Family Law Act 1975 (Cth) governs property settlement for married and de facto couples, except in Western Australia the property settlement between de facto partners is governed by the Family Court Act 1997 (WA).
Both married couples and couples living in a de facto relationship have twelve months from the date of separation by which to apply to the Family Court for a property settlement.
When making a decision on how to divide a couples’ assets following the breakdown of a relationship, the Family Court will use the “Four Step Approach” as follows:-Read More