• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Logo
Call Us
  • Home
  • About Us
  • Our Services
    • Employment Law
    • Court Cases
    • Business & Commercial Law
    • Family Law
    • Probate & Wills
  • Our People
  • Costs
  • Our Blog
  • For Clients
    • Your Secure Documents
  • Contact Us

The four-step approach to family law financial settlements

April 16, 2021 By Morgan Couzens Legal

When considering a division of property in a family law dispute, the Family Court of Australia generally adopts a four-step process:

Step one: work out the asset pool.

This means listing all of the assets and subtracting all of the debts, to end up with a net asset pool. It will also be necessary to look at the amount of superannuation held by each party.

Step two: consider the contributions made by or on behalf of each of you.

The contributions to the relationship includes financial and non-financial contributions as well as contributions to the care of children. Inheritances, gifts, and assets or debts at the beginning of the relationship may all be considered as part of the contributions. 

Step three: we now consider what sort of future each of you might have.

This is the point at which we consider the needs and social factors that are relevant to your future. For example, any health concerns which might prevent you engaging in meaningful employment in the future, needing to take time away from the workplace to care for children or a need to be re-educated in order to earn income might need to be considered. 

Step four: is the proposed settlement or outcome ‘fair and equitable’.

Please contact us for more information on the four-step process and issues relevant to your family law matter.

MORGAN COUZENS LEGAL

 


The information provided in this blog is produced for guidance purposes only and is not legal advice. The information contained in this blog is based on the current state of the law at the time of writing. The law may have changed since this blog was written.
Morgan Couzens Legal does not accept liability for any loss or damage arising from reliance on the content of this or any blog produced by Morgan Couzens Legal. Liability is limited by a scheme approved under Professional Standards Legislation.
Legal advice should be sought for your individual circumstances. For advice tailored to your individual circumstances, please contact us by telephone on (03) 5722 4681.

Filed Under: Blog Tagged With: (03) 5722 4681, (03) 57224681, 0357224681, accredited, accredited specialist, accredited specialists, adverse action, Albury lawyer, Albury solicitor, Albury Wodonga lawyer, Albury Wodonga solicitor, applications, ATO, award, award breaches, blog, blog post, blogger, blogging, blogs, business, business law, Can I apply for a divorce?, Charles, Charles Morgan, Charles Morgan & Associates, Charles Morgan and Associates, commercial disputes, commercial law, commercial litigation, consent orders, contracts, court, Cousins, Couzens, Cozens, discrimination, divorce, divorce application, divorce applications, divorce Australia, divorce hearing, divorce lawyer Myrtleford, divorce lawyer Wangaratta, divorce lawyer Wodonga, divorce North East, employee, employer, employment, employment contract, employment law, employment lawyers, employment solicitors, fair work, Fair Work Act, fair work commission, Fair Work Ombudsman, family, family break down, family law, Family Law Act 1975, family law albury, family law financial settlement, family law four step process, family law lawyer Myrtleford, family law lawyer Wangaratta, family law lawyer Wodonga, family law matter, family law property, family separation, financial separation, financial settlement, fired, four step process, FWC, FWO, general protections, law, law blog, law institute, Law Institute of Victoria, lawyer, lawyers, Legal, legal advice, legal blog, LIV, Melbourne, Morgan, morgan cousins, Morgan Cousins Legal, morgan couzens, Morgan Couzens Legal, Morgan Cozens Legal, Myrtleford, Myrtleford lawyer, Myrtleford solicitor, no win no fee, North East, North East lawyer, North East solicitor, pre-modern award, probate, professional, property division, property settlement, redundancy, rights, sacked, solicitor, solicitors, specialist, termination, trial, underpayment, unfair dismissal, Wangaratta, Wangaratta lawyer, Wangaratta solicitor, Wendy, Wendy Couzens, will, wills, Wodonga, Wodonga lawyer, Wodonga solicitor, workplace discrimination, workplace rights

Primary Sidebar

Online Enquiry


    Footer

    Our Advantages

    • Accredited specialist in workplace relations (Law Institute of Victoria)
    • Professional results
    • Country service

    Services

    • Employment Law
    • Court Cases
    • Business & Commercial Law
    • Family Law
    • Probate & Wills

    Contact Us

    Wangaratta Address

    • Office: Ground Floor, Suite 10, The Strand, 21-23 Reid Street, Wangaratta VIC 3677
    • Phone: (03) 5722 4681
    • [email protected]

     

    Myrtleford Address

    • Office: 1/68 Myrtle Street, Myrtleford VIC 3737
    • Phone: (03) 5752 1280
    • [email protected]

     

    Wodonga Address

    • Office: 52 High Street, Wodonga, VIC, 3690
    • Phone: (02) 6062 2115
    • [email protected]

     

    All mail: Ground Floor, Suite 10, The Strand, 21-23 Reid Street, Wangaratta, VIC 3677

    Copyright © 2025 · Website hosting by Lift Legal Marketing · Log in

    • Home
    • About Us
    • Our Services
      • Employment Law
      • Court Cases
      • Business & Commercial Law
      • Family Law
      • Probate & Wills
    • Our People
    • Costs
    • Our Blog
    • For Clients
      • Your Secure Documents
    • Contact Us