1. Understand your family’s finances – who earns what, where and what the assets are, and what is the debt associated with those assets. Find and access all logins and passwords to track funds such as investment accounts, superannuation, bank accounts and property and share portfolios. If you can’t get this information don’t worry, your spouse will be obliged to disclose it by law. Make sure your partner submits all supporting documentation when declaring their assets. If you don’t feel it reflects the true value, have a financial adviser or accountant check the figures. A financial advisor experienced in family breakdown can help you understand what you need to achieve in a settlement to maintain your lifestyle and cover your expenses going forward.2. Get legal advice so you know your options and what you are entitled to in divorce NSW. This will help you assess whether any proposals made by your spouse are fair.3. Be prepared to negotiate and try to settle the matter before it goes to court. In most cases a conciliatory approach will save you time, money and emotional angst in divorce NSW.
5. How long does it take? Family law proceedings through the courts can take years. So if you decide to litigate – and sometimes there is no option when dealing with a bitter unreasonable spouse – be prepared for the long haul.6. Make a new will as soon as your divorce is finalised. Immediately after separating, revoke any power of attorneys held by your spouse or other people who may be loyal to your spouse.7. Finalise it. Without a signed consent order, either party can make further demands for income or assets down the track, even if they are gained after the marriage ended.
If you need help understanding your options for divorce NSW contact Alan Rigas Solicitors on (02) 9635 5333.
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