When a relationship ends, dividing assets is often one of the most emotionally charged and complex aspects of the separation process. With emotions running high and legal intricacies at play, it’s crucial to have experienced legal professionals guiding you through every step. This is where MBA Lawyers, serving clients across Brisbane and the Gold Coast, can make a significant difference.
Aleena Mills, a family lawyer at MBA Lawyers, puts it simply: “It’s like solving a big puzzle.” Asset division is rarely straightforward. Each case brings its own blend of property, financial history, and personal circumstances. No two matters are the same, which is why Mills emphasises the importance of early and tailored legal advice.
The Importance of Timely Legal Counsel
One of the most common misconceptions, Mills notes, is the idea that “what’s mine stays mine” after separation. In reality, any financial dealings made post-separation could still fall under the marital asset pool, which is assessed not at the time of separation but at the time of final settlement. “People don’t realise that actually, no, that’s still your property pool,” Mills explains. This can leave individuals vulnerable if they start selling or acquiring assets without consulting a solicitor first.
MBA Lawyers are adept at helping clients understand these implications early on. We ensure that you don’t make decisions that could negatively impact your financial position during settlement proceedings. Our team works to preserve your rights while helping you move through the process as efficiently as possible.
Avoiding the Pitfalls of Assumptions
Many clients assume a 50/50 split is standard in asset division. Mills cautions against this view, stating, “There is nothing in the Family Law Act that starts you off at 50/50.” Contributions made during the relationship—both financial and non-financial—along with future needs, are weighed heavily in court decisions. MBA Lawyers help build a case that reflects the nuances of your contributions, whether it’s staying home to raise children or supporting a partner’s career.
Our methodical approach includes thorough disclosure, professional financial analysis, and the integration of expert opinions where necessary. This allows our clients to receive settlements that truly reflect their entitlement, not just a simplistic division of assets.
Supporting Clients with Empathy and Strategy
Legal expertise is only half the equation. Emotional support is often just as critical. Mills describes her role as “something of a quasi lawyer-slash-counsellor”, especially in the early stages of separation. As a leading family law firm on the Gold Coast and in Brisbane, MBA Lawyers balances empathy with strategy, understanding the emotional strain of separation, particularly when children and housing stability are involved.
Moreover, MBA Lawyers work closely with a network of professionals, from financial planners to mental health practitioners, to ensure our clients are supported holistically. This team-based approach reinforces our commitment to long-term client wellbeing, beyond just the legal resolution.
A Trusted Legal Partner
Asset division doesn’t have to be overwhelming. With the right legal support, you can navigate this challenging period with clarity, confidence, and fairness. MBA Lawyers offer a combination of legal acumen, responsive service, and empathetic guidance, helping clients secure settlements that protect their future.
If you’re considering separation or already navigating the process, don’t wait until mistakes are made. Contact MBA Lawyers early to ensure your interests are protected from the outset.