After separation, it may be necessary to divide your property through a property settlement or adjustment, including declaring all assets, liabilities and financial resources. If you are entering into a BFA you will also need to declare all of your assets & liabilities prior to signing the BFA.
The definition of ‘property’ is very broad and this template will help you include all assets of the relationship. Included in the template are financial resources such as: jointly owned assets; property owned in the name of one party only & superannuation. You must complete a schedule of assets & liabilities in order to correctly state your financial position to ensure a fair and accurate division of property.
Our document provides you with a customisable template that you can edit to suit your circumstances.