Relationship Property

Separating? Make sure your Will is up to date too!

Under the law, there is a “state of limbo” when married couples separate but are not yet divorced.

If you have decided to separate, you should consider the following:

  • You cannot get a divorce (called a dissolution of marriage in the Family Court) until you have been separated for at least two years.
  • If you were to die without a valid Will before your dissolution of marriage is finalised, your spouse could be entitled to a portion of your estate even though you have separated.

It is important to have an up-to-date Will when you are going through a separation. A Separation Agreement allows you to agree on your division of assets and liabilities, regardless of the fact that you are still legally married, and that agreement is legally binding and prevents future claims against each other.

Once you have been separated for two years, you can apply to the Family Court for an order dissolving your marriage (divorce) which is when your marriage legally ends. If you agree to do this application jointly, it is relatively simple, and you just need to file paperwork – you do not need to appear in Court.

Not every situation is the same, and we recommend you take some advice to ensure you can move on without undue stress. Contact our team for more information.

 

Brooke Courtney

Share
Published by
Brooke Courtney

Recent Posts

Before You Sign: Common Conditions Every Buyer Should Understand in an Agreement for Sale and Purchase

Understanding conditions in a Sale and Purchase Agreement Buying your first home is super exciting,…

3 weeks ago

Probate Threshold in New Zealand Increasing to $40,000: What You Need to Know

Probate threshold changes in New Zealand Since 2009, New Zealand has required a formal High…

4 weeks ago

A Legacy That Took Flight: Ray Shannon’s Butterflies and the Power of Planning Ahead

Not every client’s legacy ends up in a museum. Recently, Matthew and Samantha from the…

4 weeks ago

Buying property together? Understanding ownership options

Joint Tenants vs Tenants in Common So, you’ve found the dream home, or at least…

1 month ago

The on-going Uber Dispute: The ball is now in the Supreme Court… or is it?

How the Uber case and a proposed ‘gateway test’ could reshape contractor law This article…

2 months ago

Enduring Powers of Attorney – What are they and why do I need them?

Why Wills Aren’t Enough: Planning for Incapacity Let’s say you have taken the time recently…

2 months ago