The importance of financial advice in a family law property settlement
Published in Company News by Rishi Wijay on 14 Aug
Most property settlements are reached through negotiation, without the need to attend Court. Agreements reached can then be formally documented through means including a binding financial agreement or consent orders. As a last resort, the parties may need to initiate Court proceedings whereby orders will be made regarding the division of the parties’ property.
No matter how a property settlement is reached, it is important to be aware of the financial impact of the proposed agreement before finalising it. Family lawyers often recommend working with a financial advisor to ensure a property settlement delivers an optimum financial outcome for the client. We explain below some of the benefits in working collaboratively with a financial advisor and lawyer.