Determining whether money or property received during a relationship is classified as a gift or a loan, can affect the outcome of any property settlement negotiations after separation.
Once Orders about property or spousal maintenance or adult child maintenance are made, referred to as Financial Orders, they are legally binding on both parties.
Caveats can be a great tool to protect your interests before or while formalising a property settlement. This article explores how caveats work in Australia, and in Victoria in particular, and how they can be used in family law proceedings.
A very important aspect of family law property settlements that is often overlooked is the tax and duty consequences of parties retaining or disposing of assets as part of a property settlement.