Whether entering into a de facto relationship, commencing cohabitation, about to buy property, getting married or going through a separation, financial matters will require consideration. There are several ways in which we can formalise an agreement regarding the adjustment of property interests in the event of a separation. This can be done before, during the relationship or after separation.
If you wish to discuss your options for safeguarding your assets, or your entitlements in the event of a separation, please do not hesitate to contact us. The earlier that you obtain proper advice and guidance the better.
In the event of a separation, time limitations need to be observed. For a de facto relationship, any application for an adjustment of property under the Family Law Act must be commenced within two years of separation. In a marital separation, the time limits commence from the date that the divorce comes into effect and any application for an adjustment of property under the Family Law Act must be commenced within one year.