Reasons Why The Family Court Could You Award You Costs Following A Divorce

Reasons Why The Family Court Could You Award You Costs Following A Divorce

August 30, 2021 The Amateurs Digest 0

If you are married or in a de facto relationship, there will be many experts and professionals that you and your spouse and partner will have sought advice from regarding your finances. These could have included your bank manager, an accountant, a tax advisor, a mortgage adviser, and an investments expert, to name but a few, but the day could come when your finances need the help of a family lawyer.

Now a divorce lawyer may not be the first professional that you think of when discussing finances, however, if the time comes when unfortunately your relationship breaks down and you end up filing for divorce, your family lawyer could be in a position to help your own personal financial position.

We are not talking about them giving investment or tax advice, although they may well recommend someone who can. Instead, we mean them using their expertise and knowledge of family law to ensure that when the specifics of your divorce are being considered by the Family Court, that you are awarded costs, including those of employing that very same family lawyer.

This is where we hit the first difficulty in having costs awarded to you. Specifically, the principle within Australian divorce law as laid out in the Family Law Act of 1975, where divorces are regarded as ‘no fault’. In other words, an irretrievable breakdown is usually the term used to grant a divorce, regardless of what other circumstances might have existed within the marriage or partnership.


Redrawing Your Loan

How to Save on the Cost of Purchasing a Home

April 18, 2017 The Amateurs Digest 0

Purchasing a home is no small decision and must be carefully thought out and planned for before you sign on the dotted line of that mortgage contract. It’s a good idea to have a financial advisor like Andep to help you with the financial planning needed to get the best deal and work out ways to save on the cost of purchasing a home.

One easy way to save money that any financial planner will tell you about is to save up a larger than normal deposit. Not only will you save on interest because there will be less principal to pay off, you’ll get a better deal and not be forced to pay for the lender’s mortgage insurance. This insurance is to protect the lender from the risk of loss if you should default on the loan for some reason.