Is my wife entitled to half my assets?

Is my wife entitled to half my assets?

They can be a common fear amongst people entering into a new relationship, that their new spouse may automatically become entitled to half of their assets. Just because you enter into a new relationship with a person, does not mean that person becomes automatically entitled to half your assets.

What comes first divorce or settlement?

The answer is no. There is no need to wait until you are divorced to finalise your property settlement. In fact it is often better to finalise your property matters sooner rather than later. You cannot apply for a divorce until you have been separated at least one year.

Can I get a divorce without a property settlement?

Divorce and property settlement are not one and the same. Separated parties can have a property settlement without getting divorced and parties seeking to divorce do not necessarily have to have a property settlement. De facto couples have 24 months from the time of separation to institute Court proceedings.