If a relationship has reached the stage of separation, it is important that you are aware of your rights and obligations. Often in crisis, people rely upon the advice of well-meaning friends and relatives. However, the circumstances of each person are different and the approach which should be taken will vary. Financial security in the future often depends upon the outcome of a settlement. It is important, therefore, to get the right advice early.
When should you seek advice?
People who are experiencing relationship difficulties often do not seek advice until after they have made a number of important decisions. This delay can cause considerable difficulties. If you find yourself in a relationship which is in difficulty and separation is on the horizon then it is preferable that you obtain advice from an expert before you separate. Parties should not discuss a proposal for property settlement or the issue of children without having first sought professional assistance. Often by seeking advice early on you can prevent long expensive litigation in the future.
De Facto Relationships
The area of de facto relationships has been one of considerable difficulty. Due to recent changes to the law, financial issues between most non-married partners are either governed by the Domestic Partners Property Act or Family Law Act. Before non-married persons discuss any proposal for resolution of financial issues it will be vital to obtain professional advice as to which legislation will govern the way the financial settlement is dealt with and how that legislation impacts upon the individual’s circumstances.