Division of Property in Williams Landing
Trapski Family Law assists separating couples with dividing assets and debts fairly under family law. We know family law, so submit an enquiry today to arrange confidential legal guidance.
Nature's Symphony
ButtonStructured Division of Assets
At Trapski Family Law, we provide legal services to assist with the division of property following separation or divorce. Since 2011, we have supported clients across Victoria with guidance that is structured, lawful and confidential. Accredited by the Law Institute of Victoria, we aim to ensure that services align with recognised professional standards.
Division of property involves identifying and valuing assets, considering debts and liabilities and reviewing contributions made by both parties, whether financial or non-financial. Future needs, such as income capacity and child care responsibilities, are also factored into the process.
In Williams Landing, we help clients understand their rights, obligations and the procedures available for formalising property division, whether through consent orders or financial agreements. To discuss your circumstances or arrange a confidential consultation, please call us on (03) 8001 7070.
Assets, Debts & Fair Process
Division of property in Williams Landing covers a broad range of financial considerations. Assets may include the family home, vehicles, savings, businesses, superannuation and investments. Liabilities such as mortgages, loans and credit card debts are also reviewed as part of the combined property pool.
The Family Law Act requires settlements to be just and equitable, meaning each party’s contributions and future needs must be assessed. We explain the available options for formalising agreements, from consent orders approved by the court to binding financial agreements that can be entered privately.
Each option has different requirements and enforceability. By providing clear information on these processes, we aim to reduce uncertainty and ensure that clients understand the scope of their legal responsibilities.
Clients in Williams Landing are encouraged to submit an enquiry form to request a call-back or arrange a confidential consultation.
Assets & debts assessed together
Formalised, enforceable agreements
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Our Offices are located directly across the road from the Williams Landing Shopping Centre. Look for the building with the big orange frame on the outside.
FAQs
What is considered in a division of property?
Division of property considers all assets and liabilities of the relationship, regardless of whose name they are in. This includes houses, cars, savings, superannuation, businesses and debts such as mortgages or credit cards. Both financial and non-financial contributions, like investment properties and parenting, are considered. Future needs, including age, health, earning capacity and care of children, are also taken into account to ensure the settlement is fair.
How are property settlements usually finalised?
Property settlements can be finalised in two main ways: through consent orders approved by the court or through binding financial agreements. Consent orders provide court approval and enforceability, while financial agreements are private contracts requiring each party to obtain independent legal advice. Both options allow parties to formalise arrangements without going to trial, though court proceedings may be necessary if agreement cannot be reached.
Do property settlements have to be equal?
No, property settlements are not automatically divided equally. The court looks at what is fair and equitable in each case. Factors such as contributions to the relationship and the future needs of each party influence the outcome. This means one party may receive more or less than half, depending on circumstances.
What are the time limits for applying for a property settlement?
Married couples must apply for a property settlement within 12 months of a divorce order becoming final. De facto couples generally have two years from the date of separation. Extensions can be granted in limited circumstances, but they require court approval. Seeking advice early helps ensure deadlines are not missed.
