Selling the house? In this economy?
If your relationship is headed for a split you don't necessarily need to sell the family home. Portia can help you retain the house in a separate trust, using a relationship property agreement.
Sounds expensive? Not compared to the fees charged by real estate agents, according to Consumer Institute.
In any case it's worth consulting with a senior family lawyer. Call us today for a one-off consultation.
Question - Division of relationship property
"Do we have to sell the family home when we split up?"
Nothing in the law says you have to sell your property, if you agree to manage things differently.
Question - Alternative arrangements
"It's likely we'll lose money if we sell the home and buy separate ones. Also, the house is zoned for the kid's school. What alternative is there to selling and splitting the proceeds?"
If your relationship breakup leaves you still able to discuss things reasonably, you could agree to an alternative ownership arrangement for the home, where a separate legal entity owns the house and you are both beneficiaries.
Question - Cost of legal services
"Is this as expensive as it sounds?"
Because we are a recognised leader in family litigation we don't offer discounted fees. However, we do try to find innovative ways to deliver legal services more efficiently. After all, you should only pay for what you get, and results matter.
If you can re-arrange ownership of your family home (and other relationship property) without the need of a real estate agent, then you've instantly made significant savings on commissions and fees.
It's worthwhile to get some solid legal advice when you are facing a change in relationship status. Portia offers a full service that covers property, children and personal welfare.
We also offer a number of other products to help you, and some of these have a 'DIY' approach, meaning you can save yourself some money. Take a look at the Solo and Solo + Us options on our prices page.