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NOTICE ALERT IN LIGHT OF COVID-19
WHAT WE PROPOSE AND HOW WE CAN ASSIST
At Watson & Watson our clients come first. Please be assured of our continued dedicated services to all current and new clients.
As we have done in the past, we will continue to offer alternative conferencing methods ie video conferencing, skype or telephone conferences. Reviewing of all documentation provided to us prior to any initial conference will be all inclusive of our set fee. Do not hesitate to contact Shereen Da Gloria on (02) 9221 6011 should you have any concerns.
The Family Court or Federal Circuit Court (Court) will apply the same approach to the division of property between husband and wife or de facto partners regardless of whether the marriage or relationship is a long relationship or a short relationship. A short relationship is generally thought to be one which is less than 5 years in duration. Though the Court takes the same approach there are differences in the way the Court applies the same principles as between a short relationship and a long relationship. The outcome for the party who brings in or contributes the least in a short relationship, will be less generous.
There are certain situations or circumstances that warrant a Court taking a different approach in the application of principles relating to between a short relationship and secondly relating to a long relationship including:
The Court will first look at what property is available for division. In a long relationship the Court will generally take a global approach and look at all of the property in the names of either party or in joint names.
In a short relationship, the Court might apply what is called an “asset by asset” approach. In other words, the Court will look at what contributions have been made to each asset. This will be even more likely if the parties have kept their assets separate and though married or in a de facto relationship conducted their financial affairs individually.
At Watson & Watson our experienced Family Law Solicitors can assist you in relation to financial/property division matters whether you are in a short or long marriage or relationship to achieve an optimum result. Please contact Richard Watson Senior Family Law Solicitor or his Personal Assistant Shereen Da Gloria to discuss your concerns and seek appropriate and timely advice.
This is only a preliminary view and is not to be taken as legal advice without first contacting Watson & Watson Solicitors on 9221 6011.
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