After the breakdown of a marriage or de facto relationship, the division of property is important to the financial future of both parties.
It is thereof important to obtain legal advice as to your family law rights, entitlements and obligations. There are time limitations to making an application to the Family Court for property orders and you should seek legal advice to ensure you comply before it is too late.
You can reach an agreement out of court. The agreement can be filed in the Family Court by using the process known as an Application for Consent Orders. You do not need to obtain independent legal advice to file this application but we recommend that you do.
Another option is to formalise your agreement by way of a Binding Financial Agreement (“BFA”). Both your partner and you will need to obtain independent legal advice from a family lawyer for the BFA to be binding. A BFA is not filed at Court.