You can apply to the Family Court or the Federal Circuit Court for financial orders. For more information, see « If you disagree on real estate and finance. » You must show the court that the agreement is fair before making approval decisions. The Family Law Act defines how equity is decided. Entering into an agreement with the other party offers many advantages, such as: you can make a financial agreement before, during or after a marriage or de facto relationship. These agreements can cover: all of these agreements can cover a large number of a couple`s personal and financial affairs, including (but not limited to): amica guides you through a step-by-step process and offers you information and support on the way to help you reach an agreement. On the other pages of this site, we show you how to get this legal consultation at a very reasonable fixed rate, so that the agreement you design from our kit is strong and enforceable in family court. For more information on the process of formalizing your agreement, see How I Apply – Applying for Ownership and Financing Contracts and, upon court request, on factual orders. There are deadlines for requesting consent or financial orders. You must apply: despite the death of a party, a binding financial agreement continues to function and acts in favor and binds the legal representative of that party. Perhaps the most common myth about separation is that people think that their wealth would automatically be split 50/50 if they separated.
While this may be the case for some relationships, it is not the case for everyone and there is no automatic presumption that a court would order an equal division of your property. To calculate what a person would be entitled to if they separated, the court follows a 4-stuf formula that first calculates your assets and liabilities to be allocated. Second, the assessment of the financial and non-financial contributions that each person has made to the relationship. Third, whether any of the parties will need additional financial assistance in the future and, finally, whether the overall allocation of assets is fair and equitable.