The AussieLegal Property Settlement Calculator aims to assist you in estimating your assets and liabilities if your relationship has irretrievably broken down. It shows what a fair and equitable division of property would be after you have finalised your separation.
The assumptions we have used in the Calculator were formulated after investigation of actual case history and rulings by Courts. We have also asked experienced family law practitioners to test the assumptions used in the calculator. Thus, we were able to see if the results were reasonably consistent with their own estimated equitable division of assets.
The Property Settlement Calculator also offers a basis for discussion between both parties for them to reach an amicable agreement. Â Hence, the parties do not become victims of protracted and expensive negotiations between their respective advising lawyers.
Once the parties have agreed to the terms, then the settlement can be documented through a Binding Financial Agreement or Consent Orders.
Enter each of you and your partner’s assets at the beginning and end of your relationship
Read the results to see what the expected division of assets should be
Save your results so that you can go back and adjust the numbers as required
The cost of a Binding Financial Agreement (BFA) in Australia typically ranges from $3,795 for a fixed-fee solicitor-vetted agreement to $15,000 or more at hourly-rate law firms, depending on asset complexity and negotiation time.
A binding financial agreement (BFA) is a legal agreement between partners about how money and assets are handled if the relationship ends. It’s not just for the wealthy or people about to marry: de facto couples, partners with very different incomes, and blended families use them too.
Determine your financial position after your divorce settlement with the AussieLegal Property Settlement Calculator
