PROPERTY & FINANCIAL SETTLEMENT
Mediation Matters Melbourne can assist you in making decisions about how to distribute your property, finances and debts. Our independent and experienced practitioners will guide you through the legal steps required for property settlement and support you in negotiating a workable agreement. You can end your financial relationship with the other person with minimal cost and allow you to move on.
WHEN CAN YOU START THE PROCESS?
You can commence the process at any time after you have decided to separate. It is better to start these discussions early as there are time limits that apply if you are unable to reach an agreement and decide to apply to court.
If you do not apply within these limits you need to apply to court for special permission. This is not always granted.
TAKE YOUR FIRST STEP TO MAKE A DIFFERENCE
ARRANGE A CONFIDENTIAL OBLIGATION-FREE CHAT
STEPS IN THE PROCESS
WHAT DO YOU OWN AND OWE?
Initially, our expert practitioners will assist you in working out what you have and what you owe, and what they are worth. This step requires each of you to disclosure all assets, liabilities, and superannuation in your respective names, joint names or in the names of any entities in which either of you have an interest.
WHAT ARE THE CONTRIBUTIONS?
The next step focuses on significant and substantial contributions that have been made from the beginning of your relationship until the present time. Contributions may be financial or non-financial in nature and can be made either directly or by others. No one type of contribution is more important than another. What is important is the timing of the contribution and the impact on the overall asset pool.
ARE THERE ANY FUTURE REQUIREMENTS?
You then need to consider other factors including the age and health of each of you, how much money each of you could earn in the future and the care and financial support of children.
WHO GETS WHAT?
Next is deciding exactly how your property is to be divided, that is, who gets what. At this stage in the process, we will support you in putting forward options that are practical, fair, and reasonable based on your individual circumstances and your legal advice. As there is a wide range of legally acceptable outcomes, it is useful to know your best case, worst case and most likely case before these discussions.
Agreements reached during mediation are not legally binding. You should obtain Consent Orders or enter into a Binding Financial Agreement to give enforceable legal effect to any property settlement. Sometimes the outcome of mediation may not be an agreement. However, you will find that preparation and participation in this process will make you better prepared for legal negotiations or court if necessary.
Call us now for a confidential chat or send us a message
Mediation Matters Melbourne
Level 1, 459 Toorak Road
Toorak VIC 3142
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