Money, Bills & Who Pays The Mortgage After Separation?
In Australia, family law dictates some important timelines to be aware of. If you have been in a de facto relationship, you have two years from the date of separation to finalize your financial settlement (also known as a property settlement). If you have been married, you have one year from the date your divorce has been granted (a divorce can only be applied for 1 year after the date of separation).
This illustrates how easy the timelines for people to separate financially can expand considerably. This is why reaching an agreement is important. And not just an informal agreement


