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NSW Property Settlement - Divorce?

Discussion in 'Family Law Forum' started by suemoff, 23 July 2014.

  1. suemoff

    suemoff Member

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    Starting the process of divorce after 16 years of marriage. When I met my husband I had my own house, with a mortgage of $65k. We sold the house for $350k over the years we bought and sold 2 houses together. We built a house together which I now live in with a mortgage of $350k. Was wondering what % he is entitled to ( property settlement) seeing my original house funded the majority of the funds for our houses.
    Hope this makes sense.
     
  2. rebeccag

    rebeccag Well-Known Member

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    G'day Sue,
    Nobody can tell you what percentage you're entitled to - you can either agree on a fair property settlement, or have the court decide (which would be out of your hands). A family lawyer would be able to advise you on possible figures.

    Check out these LawAnswers Family Law Forum posts:
    There are a number of factors that are considered in a property settlement (see the Family Law Courts "Property and Money Matters" page and "Financial cases" page). You may wish to engage a family lawyer to assist you if you and your (ex) husband can't come to a fair agreement between you both.
     

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