In the absence of marriage, a de facto relationship could still give you rights or entitlements to assets.
Generally, if you have been in a relationship for over two years, the rights to claim assets may become available. The extent of the claim will be based on a number of factors. These factors are similar to a property settlement in a marriage and include:
In most cases, assets bought in the relationship will take on a much greater importance than assets brought into a relationship. However, this depends heavily on the length of the relationship. Consequently, the longer the relationship, the greater the claim becomes to assets brought into the relationship.
Partners should reach an agreement on asset distribution and have this recorded appropriately.
If you live in the outer eastern suburbs, including Knox, Waverley, Boronia and Wantirna, or anywhere else in Melbourne, our lawyers can assist you with negotiating and preparing a property settlement. We can also provide the necessary representation in Court to help you achieve a settlement.
Call (03) 9763 6399 today to arrange an appointment. Alternatively, contact us through our online enquiry form and we will reply to you promptly.