Financial Agreements /
Court Property Settlements
PROTECT YOUR PROPERTY RIGHTS IN RELATIONSHIPS
We are uniquely prepared to assist you with any formal division of property between pre-nuptial or married or defacto couples, as our principal lawyer is also a highly skilled forensic accountant, a fully qualified Certified Practising Accountant, with over 22 years of tough commercial experience tracking down hidden or stolen assets for global Australian companies.
What we do for you:
Financial Agreements (out of court)
Financial agreements may be entered into by married couples (or those contemplating marriage) and de facto couples and those contemplating a defacto relationship.
In order for cohabitation, domestic relationship, financial, separation, or termination agreements to limit the power of a court to make orders for financial arrangements between de facto partners, the agreement must comply with the laws of contract governing the formation of agreements and be in writing.
Financial agreements are divided into three groups:
prenuptial financial agreements made before marriage or before the commencement of a de facto relationship;
financial agreements made during marriage (including after separation) or during a de facto relationship; and
financial agreements (or property settlements) made after divorce or at the end of a de facto relationship.
In family law matters, we have the skills and the experience to forensically analyse lifestyles for spousal support purposes, determine the income available for child support, and discover (or uncover) assets for equitable distribution of property. For further information on our legal support and forensic audit services please telephone our office.
Property Settlements in the Family Court
After a divorce or separation, if you and your spouse cannot reach an agreement with regard to the division of the matrimonial property, usually by way of a financial agreement, pursuant to the Family Law Act 1975, then it may become necessary for you resolve the matter by applying for an order from the Family Court of Australia, to apportion between you and your spouse, or de facto partner, a fair distribution of the matrimonial assets.
How much do we charge you?
Our FIXED FEES for preparing marital financial (or property) agreements are exceptionally reasonable. We recommend that you compare our fees with other firms before choosing a lawyer. For advising you on a simple prenuptial financial agreement prepared by another solicitor, our fixed fees start at $1,100. Fixed fees for us to prepare a prenuptial financial agreement start at $1,650.
For more complex matters, we also offer a fixed fee in combination with the Family Court Scale of Costs. This fee structure results in low bills for our clients.
Our fixed fees for preparing or advising on other marital financial agreements or property settlements, such as after separation or divorce, may be slightly higher. Please contact our office for a fixed fee estimate in your case.
Property Settlements in the Family Court
You will also find our fees for Family Court clients are unusually reasonable, and we are far less expensive than nearly every other Melbourne family law firm. The simple reason is that we do not use a highly expensive hourly rate for our work, as many other family law firms do. We charge our Family Court clients using only the economical Family Court Scale of Costs (plus 50%) made under the rules of the court. Consequently, total fees for our work are far lower than most other family law firms. It is also much easier for the client to understand their bills using a Scale of Costs, as most items in the Scale are billed on a flat fee or a "per item" of work completed. Take a few minutes to look at the Scale, and you'll see what we mean.
Our fees in other family law matters such as alternative dispute resolution, mediation, and arbitration, can also be based on the Family Law Scale of Costs, or a very reasonable fixed fee we will negotiate with you. A choice of billing methods can give you the most cost-effective outcome in your family law matter. Please feel free to contact us to learn more about our economical fee structure.
All litigation is stressful for most people. One important way we can express our respect and concern for you as a client is to confer with you on a regular basis. Frequent updates of progress in your case are important for your well-being and for you to have the opportunity to continue to instruct us and advise us as your case progresses. We consider this regular communication so important that we offer it as a free client service (via text messages.) We want you to feel in control as much as possible in any matter, or at least in the loop, when important decisions must be made either in costs or in strategy.
We cordially invite you to book a free case assessment with a friendly, knowledgeable, and experienced lawyer at ALFA Lawyers who can discuss your requirements in relation to financial agreements or property settlements, or telephone our office for more information.