This section of your PSE establishes both the legislated assumed monthly reference point (dollar amount) and the actual amount of child benefits to be paid (which may differ slightly from the assumed reference amount). This section also explains how to cover certain expenses for children beyond monthly child support. B direct medical expenses, extracurricular activities, work-related childcare services (daycare, nanny, babysitter), camps, tutoring and private school. Some parties also choose to determine how tuition and related costs are shared between the parties once child support ends (usually upon high school graduation or at age 18, whichever is later). The following 4-step process is the most common way to calculate the percentage of property you and your partner will receive – this is what Australian lawyers and courts use. With respect to timelines for the settlement of real estate – the Family Act states: If you have any questions about what goes into preparing an asset settlement agreement and how Graine Mediation resolves divorce cases, call Robin Graine at 571-220-1998. Consent decisions are written agreements that are formalized and then approved by a court. This section of your PSE determines the division and distribution of all matrimonial property. In a divorce, the term ”property” includes all assets: real estate, cars, bank accounts, investment accounts, stocks and bonds, businesses, antiques and collectibles, furniture, works of art, tools, etc. This section also clarifies all property that has been classified as distinct by the parties (e.g.B.
non-marital property). In Virginia, separate property is not divisible from the court, but the parties can choose otherwise. This section also explains how the parties` debts are treated during separation and after divorce. Unfortunately, due to people`s lack of knowledge about their options and how the legal profession is supposed to make money, people often choose the wrong path. We hope that by the end of this article, you will have a clear picture of your real estate accounting options and the best way for you. To do this, we must first talk about the property settlement process in Australia. Why not save a lot of time, money and hassle? If you`re considering a divorce or are in the process of getting divorced, you might as well start with a settlement mentality and focus on finding solutions to your divorce disputes that you can both live with before embarking on an expensive and lengthy litigation. .