Divorce and Separation Legal | Property Settlement 101
In today's episode Nikki answers the common myth that property settlements are divided 50/50 and what's yours is your own.
She covers -
- What a property or financial settlement is.
- What the property pool consists of.
- Examples of assets, liabilities and financial resources.
- What to do when you don't agree on a value of an asset, liability or financial resource.
- The simple equation to get to your net property pool.
- What contributions are.
- What is "just and equitable".
- Stephen Tester of Somerville Laundry Lomax tells you what the Court's four step process is.
It's a general overview and provided as an understanding of how a financial settlement can be determined and resolved. It is not provided to you to give you legal advice and you should seek legal advice should you need to. You can do so from Legal Aid, a community legal centre or a law firm. You can also seek out an independent family dispute resolution practitioner who can assist you and your ex to come to an agreement.
Host: Nikki Parkinson.
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Executive Producer and Editor: Tiffany Richmond. You can contact Tiffany via her website and on Instagram @tiff__richmond.