A financial settlement is the process of dividing up property, assets, finances, debts and so on from the course of a marriage, after a separation and divorce. If there are no assets or debts, this process can be pretty straightforward. If a couple has assets or debts in both their names, settlements get more complex, particularly when the divorce is bitter.
Reaching a settlement out of court, amicably, is the best possible outcome, and we can help draw up your settlement agreement. This way, you get to choose your own pathway, make your own decisions that suit you and your ex-partner, plus it has the added benefit of saving time and money.
If it can’t be settled out of court, it will need to be decided by a judge.
How to arrange settlement
When you separate from your partner, you arrange a settlement soon after (or even before). A formal agreement is reached, including finances and child support, or there is a Consent Order prepared. Once these documents are ready, they are lodged with the family court, or in fact mean the court is not involved. That is then the end of it.
When negotiations must be undertaken, because two parties cannot agree on who gets what, legal advice and representation is usually necessary and advisable. A lawyer can help get a settlement out of court between two former partners. Vanessa Ash advises and encourages settling out of court where possible because outcomes are almost always preferable.
If there is no other option but court, a court order will be required. Vanessa Ash or your lawyer can advise the best way to go about this.
Write your own story. Call Vanessa Ash and Associates today.