Monthly Archives: October 2016

What You Must Know About Property Settlement

When people hear about estate planning lawyers we provide a comprehensive approach, they immediately get confused trying to think what this term really means. It is not as hard as it looks, if you appreciate what members of the legal fraternity do. It simply refers to the transfer of ownership of any property from one person to another. When ownership of any property changes hands, the process would be incomplete without the input of a lawyer. Luckily, you will never run short of lawyers who are not only well versed issues regarding ownership and settlement of cases property, but are also experienced.

The process that one goes through before the issue regarding settlement of ownership regarding any piece of property is properly determine before the courts, is quite complex and consumes a lot of time. Many property owners assume that they only need to change the ownership status and they are good to go, not realizing that there is a lot that goes on for the process to be complete. For example, all existing mortgage, if there is any, must be paid off fully before transferring ownership from one person to another.

Property division lawyers will also advice you on the need of lifting any existing caveat on the piece of property prior to transferring ownership. The lawyers will help you to understand that the fulfillment of any special clause is observed. The lawyers may act as settlement agents, and their main task will be to represent your interests during each stage of the entire process. This way, you never have to worry about ending with the wrong deal that is unfavorable to you. The lawyer will also look at the wording on the contract and agreement to ensure it favors you.

When you feel that your marriage is no longer tenable, and divorce appears the best way out of the situation, you must seek legal advice when handling issues to do with property. To do this, you need the services of well-trained and qualified divorce lawyers in Brisbane. Remember that when it comes to settling issues regarding property, the law has set certain parameters in terms of time. You have a very short window of opportunity to solve all issues regarding this matter. In such a case, failure to adhere to the time frame set by the law is not an option, and should never be encouraged.

The two ways in which you can ensure that the settlement is binding include via a Court Order and a Binding Financial Agreement. As clearly seen, there is no way for you to come up with either if you are not a solicitor or a lawyer. Any settlement agreement must abide by a number of acts lest the entire process is nothing but a charade. Next, the law requires you to be in possession of a certificate from a qualified lawyer indicating that you indeed received independent legal advice during the process. This protects the entire process from abuse.

Finally, it is imperative to reiterate that failure to hire the right lawyer could jeopardize the entire settlement process and put you at great disadvantage.

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