Property Settlement

Due to time constraints with property settlement, it is important to obtain information and advice regarding your rights and obligations prior to separation or shortly after.

Property settlement refers to the distribution of assets and liabilities of the relationship and includes superannuation splitting if applicable. 

It is recommended, to adhere to the time limitations, that property settlement is considered prior to filing for divorce. 

Awkar & Co are extensively experienced in property settlement and will provided you with advice, help you negotiate and even attend mediation. 

If you and your ex spouse have reached an agreement amicably in relation to property settlement, our team can assist in preparing the necessary documents to ensure that there is a final and binding settlement agreement in the form of Consent Orders or a Binding Financial Agreement. 

The reliance on an informal or verbal agreement is not recommended and highly discouraged due to the serious consequences that could arise in the future. Informal or verbal agreements could be set aside and as a result one party could seek to take another 'bite' at property settlement. Each party is recommended to obtain independant legal advice regarding all agreements. 

Awkar & Co's aim is to resolve mattes in a timely and cost effective way. If it is a necessity for proceedings to be issued, our team has the required experience to represent you and ensure that you get what you are legally entitled to. 

Should you file for divorce prior to completing property settlement, you will only have twelves months from the time the divorce is finalised to issue proceedings relating to property settlement.