Costs of Settlement vs Cost of Litigation When Separating
We often advise on the benefits of settlement. Initial costs of settlement may seem high in the scheme of day-to-day expenses. However, these costs are dwarfed in comparison to the costs of litigation. With a separation, when looking to settle what exactly are the costs associated with settlement? A large portion of your costs will be associated with the drafting of a relationship property agreement. This agreement will provide a background of the relationship and separation.
Purchasing a House? We have your pre-settlement checklist
Before settlement, do a thorough inspection and checklist: test lights, doors and locks, taps and hot water, vents, drainage and fencing. Check all chattels listed in the agreement are present and working. Confirm any agreed repairs are completed, and clear belongings or rubbish before settlement to avoid issues later.