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The Relationships Act (2008) Vic

The Relationships Act 2008 (Vic) came into force on 1 December 2008. The Act deals with the way in which parties’ property and financial resources will be distributed, in the event of the breakdown of the relationship. Parties in domestic relationships (formerly known as de facto relationships) should be aware of the changes to the existing laws and may wish to contract out of the new...

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Tax Issues in Family Law Property Settlement

Often there are tax implications that need to be considered as part of a property settlement. In resolving complex property disputes, you may be able to take advantage of exemptions from stamp duty and capital gains tax. It is recommended that you consult with your financial advisor for advice regarding the possible taxation implications of a property settlement. Capital Gains Tax (CGT): The...

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"Pre-Nup" Agreements and Do They Stand Up

Since December 2000, parties contemplating marriage can enter into a “pre-nuptial agreements” Practicable example For example, a wealthy male owning two investment properties is engaged to marry a woman who has no assets. The parties agree to enter into a Pre-Nuptial Agreement which provides that he can retain his investment properties in the event of a breakdown of...

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