De Facto Relationship Laws

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De facto relationship laws provide separating couples with a means to divide property & assets of the relationship should it breakdown. To know more, visit: www.its-over.com.au/de-facto-relationship-laws/

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Presentation Transcript

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IT’S-OVER www.its-over.com.au

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About Us ● Our site and resources are designed to help you understand the laws that govern the de facto relationships and to protect the assets. ● Visit us at: www.its-over.com.au

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De Facto Financial Agreement ● The Family Law Act 1975 “FLA” allows married or de facto couples to enter into binding financial agreements about financial issues in their relationships. ● In relation to a de facto relationship binding financial agreements can be made before commencement of cohabitation during cohabitation or after the end of the de facto relationship commonly known as a de facto separation agreement.

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De Facto Relationship Laws ● De facto relationship laws provide separating couples with a means to divide property assets of the relationship should it breakdown. ● A de facto binding financial agreement is a legal agreement between a couple who are starting currently in or ending a relationship.

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De Facto Relationships Asset Protection ● Assets includes things you own and liabilities which are things you owe money on. These can be owned individually by you or your partner jointly with another person or persons or by a family trust or family company. ● To know more visit: www.its-over.com.au

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Property Settlement Agreement ● If you are able to negotiate a property settlement agreement with your ex partner directly is it important that you then seek legal advice from an Accredited Family Lawyer regarding consent orders and next steps. ● Separating couples can apply to either the Family Court or Federal Circuit Court for consent orders to be made on their behalf. Keep in mind that there is a time limit of 12 months for divorcing couples a time limit of 2 years from the date of the end of the relationship for separating de facto couples to make an application for property settlement.

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Contact Us Level 13 200 Queen Street Melbourne Victoria Australia 3000 Phone: 1300 58 58 52

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