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ARTICLE · 24 OCTOBER 2022

5 tips for a fair property settlement

Getting the optimum outcome for your property settlement requires good planning and an eye for detail.

AustraliaFamily and Matrimonial

Getting the optimum outcome for your property settlement requires good planning and an eye for detail.

1. WRITE A CHRONOLOGY

While you may know the general state of financial assets in the marriage, it still helps to make a list of all assets and debts brought into the relationship by each of you, plus joint assets grown over time. Use a spreadsheet, setting out who contributed what, and when.

2. GATHER DOCUMENTS

Collect together all financial records prior to meeting with your family lawyer. This might include car and property valuations, superannuation, evidence of cash reserves, shares, collectables and other asset documentation.

3. CONSULT RECORD KEEPERS

If your relationship with your ex is strained, you might face difficulties in personally accessing relevant information. In this case, contact accountants, government departments, advisors and banks to retrieve as much financial data as possible.

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