The 5 Myths About De Facto Relationships You Need to Stop Believing

I think the following raises some excellent points about De Facto Relationships. I’ve included a few of the highlights for you to get the gist of the article:

All too often we hear couples in long term relationships say that “marriage is only a piece of paper” or “we didn’t get married because we don’t want to get divorced.” Unfortunately, these couples don’t realise that they are actually part of a de facto relationship – which qualifies for all of the rules and regulations of a marriage.

Myth 1. When the relationship ends, you are not obliged to split assets

There is a de facto living together rule in the Family Court for financial settlements. However, it is recommended that you consult a family lawyer in regards to your particular situation. Just because assets may be in one person’s name, it doesn’t disqualify your ex-partner making a claim upon those assets. If you don’t make formalised financial settlements, your ex-partner can claim on the asset pool. Similarly, at the end of a de facto relationship, assets aren’t split equally at 50/50 either.

Myth 2. You only have to pay spousal maintenance if you were married

Each individual’s financial contribution and dependence in the de facto relationship will determine the asset/liability split and whether spousal maintenance will apply. As per marriage, any claims on spousal maintenance must be made rather promptly after break up/separation.

What do you think? Maybe you’d like to read on? Check out the full version here… then give me a call to discuss how this might impact your own business: (0400) 315 550. Alternatively, email me at christinemanolakos@cmlaw.com.au.

Thanks,

Christine