De facto Relationships and dividing assets

De facto couples can enter into financial agreements concerning the division of their assets. However, for such an agreement to be binding it must be prepared by a solicitor. Each party must be advised by a solicitor who signs a Certificate of Independence.

What if we can’t agree?

If as a defacto couple you are unable to reach an agreement, then Streeterlaw Sydney lawyers will assist you in commencing proceedings under the Property (Relationships) Act.

Your Streeterlaw team will ensure you are fully aware of the legal requirements in your state jurisdiction. For example, in New South Wales, it is usually necessary to demonstrate that you have lived in a de facto relationship for at least 2 years.

For de facto couples separating after 1 March 2009 you may come under the amendments to the Family Law Act. This act now deals with de facto relationships following the NSW Governments referral of this area of law to the Commonwealth.

If you are in a de facto relationship and need to know your rights in dividing your assets call Streeterlaw for a free no-obligation phone consultation.
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