Understanding Consent Orders
A Consent Order can cover:
- The division of property, including the family home and real estate.
- The distribution of savings, investments, and superannuation.
- The allocation of debts, mortgages, and loans.
- Other financial resources or entitlements.
Once approved by the Court, Consent Orders have the same legal effect as an order made after a court hearing, but without the need for costly and stressful litigation.
A Consent Order is a formal agreement approved by the Family Court that sets out how assets, liabilities, and financial resources will be divided. This ensures the settlement is enforceable and provides certainty for both parties moving forward.