When a relationship ends, dividing property and financial assets can be one of the most contentious and complicated aspects of separation. A relationship property lawyer helps ensure that assets are divided fairly, protecting your financial future and reducing unnecessary conflict.
Understanding Relationship Property Laws
In New Zealand, relationship property is governed by the Property (Relationships) Act 1976. Generally, after three years of living together, assets acquired during the relationship are considered shared property, meaning both partners have an equal claim. A lawyer ensures you understand your rights and responsibilities under the law.
Fair Asset Division
Without legal guidance, you may unknowingly agree to an unfair settlement. A lawyer helps assess all assets—including homes, investments, businesses, and superannuation funds—ensuring you receive a just division based on legal entitlements.
Protecting Separate Property
Not all assets are classified as relationship property. Inheritances, pre-relationship assets, and certain trusts may remain separate. A lawyer ensures your personal property is protected and not unfairly included in the division.
Handling Debts and Liabilities
A relationship property agreement isn’t just about assets—it also involves debts. A lawyer ensures that liabilities such as loans, mortgages, and credit card debts are fairly distributed, preventing you from being left with an unfair financial burden.
Resolving Disputes Efficiently
Property disputes can be emotionally draining and time-consuming. A relationship property lawyer negotiates settlements to avoid lengthy legal battles, ensuring a smoother and less stressful resolution.
If you’re dealing with a property division, professional legal guidance is crucial. Secure your assets and financial future by consulting a relationship property lawyer in Auckland.
