What is a Property Settlement Agreement?
The term “property settlement” describes the division of property between a husband and wife, or de facto partners, when they separate.
Separation and Divorce is hard for anyone and sadly, statistics show that it’s becoming more and more common in Australia today. This means that more and more Australians are going through the process of property settlement with their former partner. When lawyers and the courts are involved it becomes an incredibly costly exercise and you end up chewing through the assets you were arguing over, paying for legal fees. If you and your partner can sit down and make a conscious decision to work it out, it’ll mean the only people with their hands in your pockets are you two. Our comprehensive Property Settlement Agreement covers all the issues including the children, the family home and superannuation.
The term “property” includes the family home, any other real estate, cash in bank accounts, cars and other vehicles, investments and superannuation entitlements. It also includes household items, jewellery, tools and the value of a family business.
All the property owned by you and your partner, either in joint names or individually, is known as the “matrimonial asset pool”.
Save yourself time and money by downloading our comprehensive Property Settlement Agreement now.