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West Pennant Hills: (02) 9481 0428
Ermington: (02) 9898 1155
Auburn: (02) 9749 1055

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Marriage De Facto Separation First Steps

In order to protect your assets and guard against increasing liabilities, when you separate from either a marriage or a de facto relationship, there are some fundamental actions that should be undertaken immediately.

If your former partner was the one who took care of the money, you will need to find out how things were organised and decide how you want to manage your finances.

Focus on setting yourself up for the future.

Some things you can do to protect your finances:

  • Close off your joint accounts – Consider closing your joint account. Talk to your bank to establish your own account with your own pool of money, and make sure the other joint account holder can’t access it. Check that your pay is going into this account.
  • Do a financial stocktake – List all your assets, and any debts or joint debts
  • Record your turning points – Note down the dates of your separation in a diary or notepad. You can use this when you apply for a divorce as proof that you have been separated for at least 12 months.
  • Cancel your redraw facility – Talk to your bank to cancel any redraw facility on your home loan to make sure your debts don’t grow.
  • Update your rental agreement – If your name is on the lease then you are liable for any unpaid rent or damage caused by your partner.
  • Update your utility bills – If your name is on the account then you are liable for any unpaid bill.

Seek legal advice – From an Accredited Family Law Specialist Solicitor about separating property held in joint names, taking action, if property is held in your partner’s sole name, to prevent it being sold before the property settlement, and to update your Will.

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Hills District

  • Level 1, Suite 2, 10 Castle Hill Road
    WEST PENNANT HILLS NSW 2125
  • (02) 9481 0428
  • P.O. Box 302
    ERMINGTON NSW 1700

Parramatta District

  • Suite 4, 8 Betty Cuthbert Avenue
    ERMINGTON NSW 2115
  • (02) 9898 1155
  • P.O. Box 302
    ERMINGTON NSW 1700

Auburn

  • 1 Mary Street
    AUBURN NSW 2144
  • (02) 9749 1055
  • P.O. Box 76
    AUBURN NSW 1835

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