Divorce Settlements – Can Be Beneficial to Both Parties

After the divorce of a couple (or de facto partners) the divorce settlement can sometimes be prickly, acrimonious, thorny and emotionally charged sometimes. The whole proceedings may not be as emotional as a child custody dispute, but it can grow protracted, and become costly in the end.

After a divorce of married couples or a de factor partners, the Tweed Heads divorce settlements that follow can sometimes be acrimonious, with various emotions still running high between the parties. It may not be as emotional as child custody disputes but it can be protracted, and can become costly in the end.

To handle such settlement, an experienced and competent lawyer can bring focus to the mediation process better than any of the parties involved. The lawyer can be devoid of unnecessary emotions. Instead, the proceedings can best serve the interests of both parties without any reservation.

Steps

Property settlements in Australia come in four steps. First, there is the identification of assets (finances and liabilities), the assessment of financial and non-financial contributions. Coming next is the future needs and considerations of both parties.

In the end, there are the future needs factors – ages and health of the parties, which one has the care of the children, and other considerations, (The court may give the party with the lower earning additional loading of the property.)

After the process of separation, a property settlement can be executed right away. If there is no agreement, the statutory time period to make an application to the courts takes effect immediately. For married couples, it is one year from the date of the divorce order and two years for de facto couples from the date of their separation.

Notes

It can be a big mistake for one party to keep the other spouse in the dark regarding the finances. Part of being organized is to make copies of im0ortant financial statement records (bank accounts, brokerages, retirement) and other conjugal properties.

This includes other data regarding the marital lifestyle (checking accounts, charge cards, tax returns and others. This is very important on joint checking and brokerage accounts, or assets that can be liquidated or re-titled without the other party’s knowledge.

This includes other data regarding your marital lifestyle (checking accounts, charge cards, tax returns) and others. This is especially important on joint checking and brokerage accounts or assets that ca be liquidated or re-titled without your knowledge.

Mediation

With mediation, your spouse and you can reach a fair settlement of most issues of your divorce (child custody, support, alimony, property division, etc) and save your case thousands of dollars in fees and emotional stress on your part.

In mediation, there is a third party mediator to meet both of you to help reach an agreement. This is totally voluntary and the mediator will not be a judge in any way.

Mediation has a neutral 3^rd party mediator (usually an experienced lawyer trained in mediation) to meet both you and your spouse to help reach an agreement. This is totally voluntary and the mediator will not be a judge in any way. Tweed Heads divorce settlements can be messy or they can be thorough.