Staying Financially Sound Divorce
Introduction
Divorce can be a challenging time both emotionally and financially. At Wright Street Lawyers, we understand the complexities involved in ensuring financial stability during and after a divorce. Our team of experienced family law practitioners in Adelaide, South Australia, is here to provide you with the necessary guidance and support to navigate the financial aspects of your divorce.
Financial Considerations During Divorce
1. Asset Division
One of the key aspects of a divorce settlement is the division of assets acquired during the marriage. This can include property, investments, savings, and other valuable possessions. Our lawyers at Wright Street Lawyers can assist you in negotiating a fair division of assets that aligns with Australian family law principles.
2. Spousal Maintenance
Spousal maintenance may be awarded in cases where one spouse requires financial support from the other after the divorce. Our legal team can help you understand your rights and obligations concerning spousal maintenance and work towards a satisfactory arrangement.
3. Financial Disclosure
Full and honest financial disclosure is essential in divorce proceedings. Failing to disclose relevant financial information can lead to legal complications. Our lawyers will guide you through the process of financial disclosure to ensure transparency and compliance with the law.
FAQs
Q: How is property divided during a divorce in South Australia?
A: Property division in South Australia is based on the principle of a ‘just and equitable’ distribution, taking into account various factors such as financial contributions, future needs, and parenting responsibilities.
Q: Can I change my spousal maintenance agreement after the divorce?
A: Spousal maintenance agreements can be varied or terminated under certain circumstances, such as a change in financial circumstances or the remarriage of the receiving party.
Q: What if my ex-partner refuses to disclose their financial information?
A: If your ex-partner is not cooperating with financial disclosure, our legal team can take the necessary steps to compel disclosure through legal channels to ensure a fair resolution.
Consult Wright Street Lawyers for client-focused Guidance
At Wright Street Lawyers, we specialise in family law and are dedicated to helping our clients achieve favorable outcomes in divorce proceedings. Our Adelaide-based firm offers a range of services including estate planning, probate, and criminal defense. Contact us today for client-focused legal advice and representation tailored to your individual needs.
Strengthen your financial standing during divorce with Wright Street Lawyers.
