North Shore Relationship Property Lawyer – How They Can Help
What Does A North Shore Relationship Property Lawyer Do?
A North Shore relationship property lawyer focuses on the area of law that regulates the division of resources and assets when a union dissolves, either through divorce or separation. They provide legal advice to help their clients understand the laws related to the splitting of property gained during their relationship. They can also carry out the division and allocation of those relevant assets.
Below are some typical ways in which a North Shore relationship property lawyer will help their clients.
A relationship property lawyer offers advice and guidance for people in the midst of a separation or divorce. Their purpose is to provide an understanding of one’s rights and obligations with regards to property ownership, considering the applicable rules and regulations.
The lawyer helps clients to identify and analyse their assets, both individual and shared, to see which are required for consideration for division. This might include tangible items such as real estate, investments, bank accounts and vehicles; or intangible possessions including businesses, pensions, etc.
When appropriate, a lawyer might need to seek the assistance of experts such as property valuers or accountants to come up with an unbiased and reasonable calculation of certain property or assets. This is particularly so in cases when its value is contested or hard to ascertain. This is essential to achieve an equitable balance of the division of property.
The lawyer works to protect their client’s interests and reach a mutually agreeable outcome throughout negotiations with the other side or their legal support. The agreement will take into account factors such as financial contributions, future needs, and any children’s welfare when splitting assets.
Relationship property lawyers draft important legal documents, such as property settlement agreements, consent orders, or separation agreements. These documents delineate the terms of asset division that were agreed upon and it is essential for them to be legally binding. This can also include the transfer of ownership of certain assets, most commonly a house where one party will continue to live.
If an agreement cannot be achieved through negotiation, a lawyer may act as the client’s court representative to pursue a just division of property. They defend their client, offer relevant legal evidence, and strive for fairness before the judge. This is also common in regards to ongoing childcare.
Relationship property lawyers can often provide assistance to clients by helping mediate or participate in alternative dispute resolution processes. This can be an effective approach for those wishing to settle their dispute outside of the court system, as it reduces costs and helps encourage constructive conversations, thereby leading to more amicable agreements.
A North Shore relationship property lawyer is vital in safeguarding their client’s interest, seeking a just and reasonable division of assets during divorce or separation. They present legal wisdom, help clients traverse the legalities and endeavour to ensure that the result attained complies with all applicable laws while optimising the outcome.
McVeagh Fleming has an extensive team of lawyers who can help with your separation or divorce, and the division of matrimonial assets.