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Property settlements – disclosure and hidden assets

Property settlements – disclosure and hidden assets

Whether you have recently separated or are contemplating separation, it is important to find the right team to support you during this difficult time. No one family is the same, and our approach is no different.

Here at Barker Evans, we do things differently. This means we know and understand the power of a multidisciplinary approach to achieve the best outcome for our clients and their families.

Before agreeing to sell the house and divide everything equally, it is important to seek legal advice to know what you are entitled to. Part of this enquiry is knowing and understanding your financial position.

If you didn’t find yourself managing the finances during the relationship, or you are just too busy to deal with disclosure requests, it can be a daunting task to gather your financial documents and know exactly what assets and liabilities are included within the property pool.

To help save time, money and your emotional wellbeing, this is where we introduce you to our financial expert who has extensive experience in financial analysis and greatly assists our clients in uncovering assets and liabilities and collating their financial documents.

This collaboration provides our clients with a seamless process and strong position from initial negotiations to commencing litigation.

The application of the law in a property settlement can be broken down into four steps:

  1. Determining whether it would be just and equitable for the Court to make property orders;
  2. Identifying and valuing the property pool of the relationship;
  3. Assessing the contributions made by you and your partner to the acquisition and improvement of the property;
  4. Considering the future needs of you and your partner.

By taking a team approach to your property settlement, you are guaranteed to feel supported and empowered throughout the process, knowing you have a range of expertise working together to achieve your best possible outcome.

If you require any advice from a top Sydney divorce lawyer in relation to your family law matter, please don’t hesitate to contact us on (02) 8379 1892 or nevans@barkerevans.com.au.