Going through a divorce or de facto relationship separation usually involves a property settlement. The Family Law Act sets out how a couple’s property is divided when a marriage or de facto relationship has broken down. The property settlement process is complicated, but essentially involves the identification and valuation of the relationship property (which is broadly defined) and then a determination of the appropriate “percentage division” between the couple. This video, by Zoe Adams, solicitor from Michael Lynch Family Lawyers outlines the 5 Steps of Property Settlement for married and de facto couples.

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