Relationship Property

Changing the title from Matrimonial Property Act to Property (Relationships) Act and making various amendments back in 2001 has extended the division of assets beyond conventional marriages to include de facto relationships.

This has also broadened the “contracting out” concept to allow couples to contract out (certain provisions) of the Act post relationship.

Even though separation and the drafting of these pre or post Relationship Property sharing agreement remain a legal matter, it inevitably focuses on division of financial assets; businesses, investments; real estate and income tax implications. This is where we can help.

Withers Tsang works alongside your lawyer or barrister. We utlise our skills in finance, accounting and our understanding of the due process to offer you unbiased and objective advice on division of assets, business restructure and tax implications to achieve a win-win outcome for everyone involved.

Our services include:

• Conduct pre-settlement meetings to consider respective goals & objectives
• Critique financial position & debt servicing ability
• Recommend strategies & negotiation approach
• Provide business valuation for settlement purposes

Remember to contact us before you enter into a contract out agreement or divorce settlement.

If you want to find out more regarding our relationship property services, please contact Stephen Tsang at stephen@wt.co.nz or 09 376 8860.