Posts

Showing posts with the label Asset Division

Property Settlement After Divorce in Australia: What You Need to Know (2025)

Image
Property Settlement After Divorce in Australia: What You Need to Know (2025) 6 October 2025 · LawWise Australia Start with clear advice: assets, contributions, and a realistic plan. Overview Core principles What’s included in the asset pool Step-by-step process Valuation and disclosure Timelines and limits Common mistakes Tax and superannuation FAQs Next step Overview Property settlement is the division of assets and liabilities after separation or divorce. Most matters settle by negotiation or mediation and are formalised by consent orders or a financial agreement. The objective is a just and equitable division based on contributions and future needs. Core principles Identify the pool: list all assets and debts of both parties. Assess contributions: financial, non-financial, and homemaking/parenting. ...