Dividing Assets After a Divorce: Does Each Party Always Receive Fifty Percent?

When assets are being divided as part of divorce proceedings, you might expect that the division will be fairly equal (unless a prenuptial agreement is in effect). The division of certain material assets can be a matter of compromise, which your legal representative (usually family lawyers in the case of a divorce) can negotiate. For example, you might give up your claim for ownership of a certain item in exchange for the entire ownership of another possession of a comparable value. Read More 

Why Married Same-Sex Couples May Want to Recheck Their Will

In recent times, Australia has followed most of the modernised world and has recognised the legality of same-sex marriages. Until this time, relationships may have been recognised in certain jurisdictions, but many of the protections afforded to heterosexual couples were simply not available. Of course, this news was celebrated by many same-sex couples who may have been together for some time but wanted to sanctify their marriage, and there was a rush to do so soon after the law was passed. Read More 

When You Can Leave the Marital Home During a Divorce

It is normally advisable for you to remain in the marital home until your divorce has been finalised. However, some circumstances may warrant the need to move from the marital home even if the divorce hasn't been concluded as yet. This article discusses some of those circumstances. New Employment It may be necessary for you to leave the marital home while your divorce is being processed in case you have got a new job which is far from where you stay. Read More 

The Dynamics surrounding co-owned property disputes

Property disputes can take many different forms, but few are as complex as co-owned property disputes. A co-owned property is any property that is under joint ownership by two or more parties or contains a shared space such as a yard, driveway, garage, etc. In cases where a property has multiple owners who live in the same space, the situation is referred to as Tenants-In-Common (TIC). Both TIC and other co-ownership situations can result in disputes that can be tricky to resolve. Read More 

2 Important Aspects to Consider When Writing Your Will

Once you're gone, you wouldn't want the wealth you have left behind to be the source of wrangles and animosity among your family members or loved ones. If you don't write a will to settle all matters regarding the distribution of your wealth upon your demise, you may leave behind a divided family, with potential heirs fighting one another over who is entitled to a share of your estate. Hence, it is important that you write a will, and a legally valid one for that matter. Read More