Relationship Property
It is increasingly common for parties to a relationship (be it a marriage, civil union or de facto relationship) to enter into an agreement determining the manner in which their property is to be divided in the event of their separation or death. Such agreements (often called “pre-nuptial” or “property sharing agreements”) can usually be prepared promptly and for a modest expense, and will often have the effect of enshrining the parties’ wishes concerning their property should the relationship come to an end. It is our strong recommendation to clients who are the owners of any property at the time of commencing a relationship to consider entering into such an agreement.
Many relationships, however, end without the parties being able to agree on the manner in which their property should be divided. The Property (Relationships) Act determines the manner in which property should be divided in the absence of a property sharing agreement. Whilst in many cases the parties will share their property equally there are numerous exceptions, including circumstances where “exceptional circumstances” exist, where there is economic disparity or where spousal maintenance is required. The legislation now applies not only to married partners, but also parties to civil unions and people in de facto relationships. The laws concerning relationship property are complex and resolution of relationship property matters will invariably require legal assistance. Michael Robinson has over 18 years experience in the field of relationship property.
At Turner Hopkins we are proud to be endorsed by ASK Funding which, in certain circumstances, is able to offer parties a financial advance on their expected entitlement from a relationship property settlement in order to relieve financial pressures and enable them to achieve a fair and equitable outcome. This can be particularly useful for people seeking to re-establish their lives, especially when children are involved and delays and frustrations are incurred during negotiations and the legal process. An advance from ASK Funding can be used for the following purposes:
- School fees.
- Legal costs.
- Living expenses.
- Family bills.
- Relocation costs.
- Repairs.
- Travel expenses.
An ASK Funding application will normally be completed within 48 hours. The family law specialists at Turner Hopkins will quickly be able to advise whether or not your case is likely to be allegeable for an ASK Funding advance.
Cross Border - International Relationship Property Issues
Increasingly, we are finding that clients are requiring assistance in order to resolve property disputes relating not only to property situated in New Zealand but also in other jurisdictions. We have established a wealth of experience and relationships with practitioners in numerous overseas jurisdictions who are able to synchronise with us to achieve the best possible results for clients requiring this assistance.
