If you are getting a divorce, then property settlement will decide how to divide your assets and liabilities. It contains both shared and individual properties.
You can solve this issue without the involvement of Lawyers or the Family Court of Australia, by making an agreement with your partner. It is important to make the agreement formalise with the court to make it legally binding.
The aim of a divorce settlement is to divide assets between couples in a way that they don’t need each other for financial support. This process counts all the properties or financial responsibilities that were involved during the marriage.