What are some benefits of signing Consent Orders?
Signing off on consent orders gives both parties peace of mind that their agreement has been finalized and formalized. It is not possible for either party to return at a later date and seek changes to the Consent Orders that have been made unless the other party agrees to them.
People are worried about whether the other party can take away their future income or that if they buy a house themselves or with a new partner in the future, the other party can then come back and take half. Many people worry that although they are on good terms at the moment and have a good shared parenting arrangement, if the other person decides to re-partner or decides to relocate, it could have a significant impact on the agreement. If there is no obligation to comply with the agreement, leaving parties in a precarious position if one party’s circumstances change and they are no longer able to adhere to the previous agreement.
Your agreement can be formalized into Consent Orders to alleviate these concerns. Neither party can just change their mind and decide they won’t comply with the terms of the Consent Orders anymore. There is also a significant stamp duty saving if parties wish to transfer real estate from joint names to the name of one party as in the absence of there being Consent Orders in place, stamp duty can otherwise become payable on the transfer.
If you have any questions in relation to What are some benefits of signing Consent Orders? or consent orders please contact us to discuss your proposed agreement. We provide an instant quote for your agreement online that is fixed and includes all aspects of the documentation and submission process. General information about Kate Austin Family Lawyers can be found on our home page or if you would like information about our story or Rachel and Brendan there are links on our home page.
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This information is general in nature and cannot be interpreted as legal advice. Legal advice can only be provided by a qualified legal practitioner.