Kingsford Lawyers advises our clients on their entitlements in property and asset divisions following the breakdown of a relationship or marriage.
We help you understand the steps that the Family Court considers under the Family Law Act on how matrimonial assets should be divided amongst parties.
Identifying the value of all the property, financial resources, and liabilities of each party to the relationship/marriage is the first step, the divide needs to be just and equitable based on the circumstances as the next step is for the Court to assess contributions made by each party to the asset pool which can include:
The court will further consider any adjustments that should be granted in favour of a party, particularly surrounding future financial or other needs, such as:
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