At Amanda Little & Associates we can assist you with all aspects of family law property settlements and property division. We specialise in providing advice regarding division of assets and preparing financial agreements.
The Family Law Act and case law sets out a 4 step approach that the Court must follow when determining a property settlement. This includes:
- Ascertaining the value of the property pool;
- Considering the financial and non-financial contributions of each party pursuant to s.79 of the Family Law Act;
- Considering the future care needs of each of the parties pursuant to s.75(2) of The Family Law Act;
- Determining as the final step if division pursuant to consideration of s.79 and s.75 (2) factor is just and equitable.