Property and Financial Settlement Lawyers
Verified NZ firms for propertyfinancial settlement. Answer a few questions to find a Family Law lawyer in minutes.
Understanding PropertyFinancial Settlement and when to get legal help
The Family practice area in New Zealand focuses on helping families deal with legal issues that arise during separation or divorce. One important part of this area is Property and Financial Settlement.
What is Property and Financial Settlement?
When a couple separates, they need to divide their shared property and finances. This can include things like:
- Houses and land
- Bank accounts
- Cars and other vehicles
- Superannuation (retirement savings)
The goal of property and financial settlement is to ensure that both parties receive a fair share of what they have built together during their relationship.
How Does It Work?
In New Zealand, the law requires couples to reach an agreement on how to divide their property. If they cannot agree, they may need to go to court. Here’s a simple example:
Imagine a couple, Sarah and John, who have been together for ten years. They own a house worth $600,000 and have savings of $100,000. When they separate, they need to decide how to split these assets. A lawyer can help them understand their rights and negotiate a fair settlement.
Why is it Important?
Getting a fair property and financial settlement is crucial for both parties. It helps ensure that everyone can move on with their lives and have the financial support they need. It also helps to reduce conflict and stress during a difficult time.
Seeking Help
If you are going through a separation or divorce, it’s a good idea to talk to a lawyer who specialises in family law. They can guide you through the process and help you understand your options. Remember, you don’t have to go through this alone!
In summary, the Property and Financial Settlement area of family law in New Zealand is all about helping couples fairly divide their shared assets when they separate. With the right support, you can navigate this challenging time with confidence.
How to choose the right PropertyFinancial Settlement lawyer
- Look for a lawyer with experience in family law and property settlements.
- Check client reviews and testimonials for insights on their service.
- Ensure they offer a clear fee structure and transparent communication.
- Schedule a consultation to discuss your specific needs and concerns.
Verified Family Law firms
These law firms are experienced in helping Kiwis navigate PropertyFinancial Settlement in Family matters.
Common questions about PropertyFinancial Settlement:
What is a property settlement?
A property settlement is the legal process of dividing assets and liabilities between partners after separation or divorce.
When do I need a lawyer for property settlement?
You should consult a lawyer if you're facing disputes over asset division or need guidance on your rights.
How is property divided in New Zealand?
Property is divided based on the relationship's duration, contributions, and future needs of both parties.
What if we can't agree on a settlement?
If an agreement can't be reached, mediation or court proceedings may be necessary to resolve the dispute.
How long does a property settlement take?
The duration varies, but it typically takes several months, depending on the complexity of the assets involved.