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Know about Dividing Marital Assets after a Separation

When a marriage or a de facto relationship has come to the point that the only way you hope to make things better is by getting a separation, there are a lot of things that come with it. A separation requires a lot of decisions to be made on your end of things, such as deciding about the “custody” of your children if you have any, or sorting out the legal matters of your divorce such as prenuptials.

Division of marital assets

Perhaps one of the most difficult decisions will be the division of your marital assets. A separation entails that you and your partners will now go their own ways, and when you do, you will have to how the assets, as well as debts that you’ve got during your marriage, will be split.

Dividing marital assets can be difficult and a tricky task. That’s where Platinum Lawyers come in. We are one of the top family lawyers in Sydney, and we can give you numerous tips on the subject to prepare you for it.

Ways in which you can divide your marital assets at the end of a relationship.

1. You and your partner (former) can both come to agreement on how the property and debts should be divided, without having to involve the court. If both parties have come to an agreement on the terms, all there is to be done is apply for a consent order in the Family Court to legalise the agreement.
2. If you and your former partner can’t seem to come to terms on how the assets and debts should be divided at the end of a relationship, you can apply for financial orders including orders related to division of property or whatever your case entails, in the Family Court.

It is important to note that if you are applying for financial orders in the court, there is no set formula on how the property will be divided. No lawyer can tell you exactly about what the court will order, however a good family lawyer(s) like the ones at Platinum Lawyers can give you a good estimate about it. The court makes its decisions based on the unique facts of each case, so it is hard to gauge the exact outcome.

Platinum Lawyers can help you out with the process, in any way you wish. Either you want to file financial orders or just want to legalise a mutually accepted agreement, we are one of the best family lawyers in Sydney and have expertise in matters related to the Family Court. Contact us at (02) 8084 2764 to find out more.

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