Important Things You Need To Know Before Getting Consent Orders

There are a lot of important things you need to know before getting consent orders in New South Wales (NSW). Sorting out your financial issues after a divorce is difficult. There are a lot of things you need to know and also a lot of things you need to figure out. It can be hard knowing what to do and where to start. We have written this article to make the process easier by enlightening you on the most important things you need to know before you get a consent order.

Do not assume a 50/50 asset and liabilities split is fair

It is right to start at a 50/50 split in most instances but do not assume that is right for you without having a look at all important details of your marriage. You need to know every detail about things such as earning potential, your marriage, ongoing childcare responsibilities and retirement income. It would be very unfair to go for a 50/50 split if there have been any inherited assets or different contributions made to hold your assets from one spouse. You should also look at pension assets very carefully, don’t always take the money now and sacrifice your income when you get old.

Do not assume the judge will grant the order

Some couples assume that just because they have agreed to a financial statement, the judge will automatically grant them their consent order. This is a very dangerous attitude to have since the judge will only grant you the order if he is convinced that the order is fair to both parties. Sometimes it is good to involve consent orders lawyersto increase your chances of being granted the order. If the judge believes that the order is unfair to one party, you will be asked to provide more information and explain why you came to that kind of settlement to ensure that both parties understand what the order is proposing.

Have a full financial disclosure

To agree to a fair financial settlement, it is crucial to ensure you have a transparent and full financial disclosure. You cannot come to a fair deal with your property, money and assets if both parties do not have a full understanding of the full income of their spouse, their pension values and assets. If you do not believe there is full disclosure on capital, money, pensions then we would recommend that you get some legal advice.

Do not spend a lot of money on expensive lawyers

It is a wise decision to get professional legal advice from a qualified lawyer before you apply for a consent order as they will give you appropriate advice on the specific agreement in the consent order. However, most people do not realize that they do not need to use expensive lawyers to draft the agreement.

If you have come to an agreement in your consent orders NSW about who gets what, you can save a lot of money by having the documents drafted by experts online. Divorce is stressful and expensive and you do not have to waste more money on a lawyer when you can get the same services cheaply from someone else.

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