Cryptocurrency consists of encrypted digital forms of currency not distributed by banks. It also goes by the name of ‘cryptocurrency’. A popular example of a cryptocurrency is Bitcoin. As cryptocurrencies become more commonly used around the world, so too will their appearance in family law property settlements.
Settling your family law matter in the court system can be stressful, expensive, and most likely, a lengthy process. Understanding the timeline of court directions and procedure will help you prepare for the process. This article provides the most important tips to help make the court process as smooth and productive as possible.
Following the breakdown of a marriage or de facto relationship, it is common for separated parties to be unsure and therefore anxious about their entitlements in a property settlement and the assets they are likely to retain. This is only natural given that Family Law is a complicated and emotional area of law which is often poorly understood.
Dividing property after partners separate is generally stressful, with each party concerned about his or her financial future. The bankruptcy of one party adds a further dimension of complexity to a family law property settlement. Even partners whose relationship is intact should seek urgent legal advice if one of them is facing bankruptcy or insolvency issues. This article provides an overview of bankruptcy laws, how property is usually divided after a relationship breaks down, and how the processes interact when one of the parties to a property settlement is bankrupt. Bankruptcy and family law are complex areas and the information in this article is general only. Parties should obtain legal advice relevant to their individual circumstances.
If you have recently separated, one of the concerns you will probably have is the size of your legal bill after your property matters are sorted. Below are our top tips for keeping your family law property costs down without skimping on sound legal advice.
There are significant differences in the tax consequences of certain family law related actions particularly when negotiating property settlement outcomes. Unique opportunities in the family law environment can enable a couple to lawfully restructure wealth while avoiding, or minimising, the hefty tax and revenue consequences. Conversely, concluding a family law property settlement only to discover adverse and unintended tax consequences is the last thing anyone wants. Naturally this area is very complex and each person needs to seek their own advice to ascertain their own tax implications from an experienced family law expert.
Do you have a friend or relative who has just separated? If so, the information below should help. What is meant by separation? Separation in Family Law refers to an irretrievable breakdown of a marriage or irreconcilable breakdown of a de facto relationship (which also includes same sex couples). There is no need or ability to register a separation under Australian Family Law. Separation is a fact which must be proven if it is disputed by the other party at a later time.
A Financial Agreement is an effective tool for couples in managing their estate planning. Financial Agreements allow couples to pre-determine what they quantify as a fair distribution of their finances and assets, in the event of a relationship breakdown.
After separation, a parent or guardian may decide to move the children of the relationship overseas. However, this should be done with the fully informed consent of the other parent, guardian or a court order. An allegation of international child abduction can come about when a parent or guardian takes their children from their home country without this permission.
Family law proceedings can become very stressful. The last thing you should be worrying about is exorbitant legal fees. However, your family law fees do not necessarily have to become a burden. We have provided our top 10 tips on ways in which you can keep your legal fees reasonable. Although family law proceedings can at times be costly, ensuring you get proper legal advice is very beneficial and can help reduce stress by providing you with an understanding of your rights and what’s involved in family law proceedings. In our experience, having a family lawyer represent you in family law proceedings can help you receive a more favourable outcome compared to parties who represent themselves.