We get asked by clients who come to see us “do I need to formalise property settlement”? Well, the strict answer is no, you don’t have to do anything you don’t want to and you are not required to formalise the property arrangements. BUT word of warning… there will be dangers, risks, and ramifications if you don’t. So get advice, always get advice!
So, here are a few reasons why we recommend that you should formalise your property settlement matters.
- Protection of assets.
- Reduce risks of future claims.
- Things change, including assets, people and their positions.
- Transfer exemption!
On today’s podcast, our Senior Associate Dannielle Young will go through some of these benefits, touch briefly on the ways you can formalise a property settlement, and tell you about some very important time limitations that apply.
So tune in and have a listen. You won’t be sad that you did, unlike how you might be if you don’t get advice about formalising your property settlement! Did you know here at Collective Family Law Group we offer free initial consultations so why wouldn’t you book in to speak to one of our lawyers to get more tailored advice about your property settlement and how to protect your financial future.
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