Competent Lawyers can help you Procure your Rightful Share
Statistics in Australia indicate that more than half of the divorces are filed by one partner and often come as an unpleasant surprise for the other partner. Seeking advice from top family lawyers can help you protect you from financial stress and worry in the future. The good news is that with technological advances in the banking, you can sort out your finances much faster than before. Experienced lawyers can help you understand your rights and claim your rightful share in the event of a divorce.
In many marriages and relationships, women often tend to leave behind careers and jobs to look after their children and execute household responsibilities. In such cases, it is even more important to ensure that all your monies and assets are distributed in a fair and just manner. Hiring the right legal counsel can help reduce the traumatic after-effects of divorce; it’s important to be protected from financial hardship. You need to be clearly aware of how much money you have in the bank and the financial implications of moving out and paying the bills on your own. With rising costs of living, it’s more important than ever to be assured of financial security. In fact, even if you are earning, it may not be easy matter to afford to pay rent, utility bills etc. It’s a good idea to open a separate bank account (if you haven’t done so already) and direct your pay and other incomes into this account.
Read More “Is your Financial Future Secure after Divorce?”
One of the most difficult and contentious phases of a divorce proceeding is the property settlement. Most divorce cases that go to trial inevitably focus on disputes surrounding community property. Several key tips, as well as the advice of a competent family lawyer will help you survive this particular battle.
Since most jurisdictions apply community properly principals the court will seek to equitably divide all marital assets and award fifty percent of the value to each spouse. This might involve liquidating property that would seriously inconvenience one of the parties. Equity in a house, for example, cannot be split without selling the home, refinancing, or otherwise giving commensurate value to the receiving spouse. All of these options may be troubling or seriously concerning to you, which brings up tip number 1.
Make sure you know where all property is and how it is owned. Records such as deeds, titles, promissory notes, etc. are helpful. The purpose is to arm you with information so you can make intelligent decisions. If you know the value of the marital assets you can decided before negotiating which pieces of property you most want and how they may be split in the divorce. If you have a large number of assets coordinating with your family lawyer is essential. Divorce is a law suit which comes with certain obligations and rules and breaking any of them can put you in hot water with the court.
Read More “Surviving Property Settlements in a Divorce”