Family Law - Alteration of property
interests
The Family
Court and the Federal Circuit Court (FCC)
have the power to make Orders for the alteration of property interests of the
parties to a marriage and/or parties to a de facto relationship.
The Courts can
make different types of orders, depending on what assets are available for
division. Examples can include:
·
An order
that one party transfer an interest in property to another;
·
An order
for the sale of the property and the distribution of the proceeds of sale to
one or either of the parties; and
·
An order
that one party pay to another party a sum of money.
Generally
parties enter into property settlements after separation, however an order for
property settlement can be made even if the parties are not separated.
The Family Law
Act requires parties to make a genuine effort to resolve their property
settlement dispute prior to filing an application for property orders and may
be called upon to demonstrate that they have taken this step prior to filing
their application.
For help with a Family Law dispute, contact the team at G&B Lawyers.
Level 11, 65 York Street,
Sydney, NSW 2000
Mail: GPO Box 1849,
Sydney, NSW 2001
M: 0481 287 528
E: info@gandblawyers.com.au
W: www.gandblawyers.com.au
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