The Future Needs of Each Party

When deciding how property is divided, a court will consider the future needs of each party. It must then determine the approximate amount required to ensure they are met. Primarily, it is important that both parties maintain a reasonable standard of living.

Relevant Factors

• Age;
• Health;
• Current financial circumstances
• Eligibility for government benefits;
• Income and income earning capacity;
• Financial circumstances of a new partner;
• Parental responsibilities;
• Responsibilities as a carer;
• Marriage duration;
• Financial support of another person;
• Child support obligations;
• Financial agreement terms, if any

Experiencing difficulties relating to a property settlement? Grant & Co Lawyers can help.

We have extensive experience in Family Law and will offer sound advice and guidance based on your needs and personal circumstances. Contact us online or call 1300 057 056 for an obligation free assessment of your matter.

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