Thanks for the tips. He had no idea where to even start, neither did i! So he is going to talk to a lawyer and also a financial advisor.
Hopefully they can sort it all out without too many probs. The biggest issue is that they have had the house for less then 12 months. Talk about bad timing!
Thanks for your help, and sorry to get a few hearts pounding!
Most states have now referred their powers with respect to domestic relationships (defacto/same sex) to the Family Court, which results in a cheaper and easier property settlement.
Otherwise, they can sign a Binding Financial Agreement if they don't want or need Court Orders.
Something for them to keep in mind.....if they received the First Home Owners Grant when purchasing this house, they must reside there for a full 12 months. Not sure if they must BOTH live there, or whether just one can live there, but if the FHOG conditions are not met they may find they have to pay it back.
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