Property Settlement: What Is Fair? An overview of section 75 of the Australian Family Law Act

Wondering how your property pool will be divided in your divorce and what future considerations impact your share?  Tune in to this enlightening episode where a distinguished family law specialist, backed by 35+ years of expertise in law, explains what the Family Law Act's Section 75 means in relation to property settlement percentages adjustments. Gain invaluable insights into the crucial factors that can sway your property split percentage. This episode is your overview look for those going through the process at the intricate landscape of property settlement. The Family Law Act 1975 - Section 75 is the cornerstone of this discussion, unravelling the complexities and helping to provide clarity on the considerations that shape your financial future post-divorce. Perfect for anyone navigating the nuances of property division in their divorce or defacto separation, this episode and additional podcast episodes are your go-to guide that can go hand in hand with your own lawyer to comprehend property settlement. Listen now to embark on the journey of informed decisions and financial empowerment! Disclaimer: This podcast provides general education and insights. Each individual's situation is unique, and listeners are encouraged to seek legal advice tailored to their specific circumstances. The content herein should not be relied upon as legal advice. Sign up here for our next free online webinar Please note that this podcast provides general education only and is not legal advice. Always seek independent legal advice, as every situation is different. For Full Show Notes go to www.thedivorcecourse.com.au/blog Useful Resources: Click here to learn more about your DIY DIVORCE BLUEPRINT CLICK HERE TO GET YOUR FREE DISCLOSURE CHECKLIST GUIDE Click here for our free before you leave checklist  Click here for our free mediation checklist Don't miss out on  What are the future needs that should be considered in determining the percentage of the property split in divorce? How does age and state of health play a role in determining future needs and affecting the property pool percentage? Does the court consider mental health issues, such as post-traumatic stress disorder, in relation to future needs? What factors contribute to the disparity of income, earning capacity, property, and financial resources between parties? How does having the care of a child impact the property division in divorce? Is there a financial advantage to having 50/50 care of the children, and does it affect the property pool? How does the court adjust the property pool based on each party's commitments and expenses for self-support or child support? What responsibility does each party have to support another person, particularly an adult child with a disability? How does the court consider a party's eligibility for a pension or benefit in the property division? Who determines what constitutes a "reasonable standard of living," and how does it influence property pool adjustments in divorce? Is it common for financial agreements to overlook spousal maintenance? How does the court adjust property division based on various factors, such as child custody, income, and health? What considerations are made when tweaking percentages in property division based on future needs? In practical terms, how realistic is it to consider all these factors in property settlement? How does the court handle cases where both parties are of the same age, same health, with equal custody and property split? Is there ever a dismissal of factors in property division, and what conditions lead to such dismissals? How do parties defend themselves against fabricated claims to secure a larger property pool percentage? Is it worth going to trial for minor percentage adjustments in the property division, considering the associated costs? How often do people agree on adjustments without going to court, especially when the differences are minimal? When dealing with child custody and property division simultaneously, how does uncertainty about future custody arrangements affect the process? In cases where custody is undecided, do people prioritize settling property matters first? How do lawyers balance property settlement and children's matters, considering the emotional involvement in child-related issues? Is there a noticeable difference in stress levels between property settlement and children's matters for family lawyers? How do you handle cases where one party may be making up information to secure a larger property percentage? What role does detailed proof play in defending against fabricated claims during property settlement? Considering the potential financial impact, how do lawyers advise clients on settling versus going to court for minor adjustments? How does the financial value of the overall property pool impact the decision-making process in property division? How do adjustments in property percentages translate into real dollars, and do people fully grasp the financial implications? Emergency Contacts: WOMEN'S SHELTER SERVICE  LEGAL AID Lifeline 13 11 14 Mensline Australia 1300 789 978 Kids Help Line 1800 551 800 Aboriginal Family Domestic Violence Hotline 1800 019 123 Relationships Australia  Police on 000 DVConnect Womensline on 1800 811 811 (24 hours, 7 days a week) Note: This number is not recorded on your phone bill DV Connect Mensline on 1800 600 636 National DV line on 1800 737 732.1800RESPECT 1800 737 732 Don't forget to hit SUBSCRIBE so you don't miss out on our upcoming practical steps and guidance for your divorce or de facto separation. If you found this episode helpful, please leave a rating and a review to help others. Thank you. Please note that this podcast provides general education only and is not legal advice. Always seek independent legal advice, as every situation is different.