In family law property settlement matters, one of the most useful working documents you can have to manage your matter is a Schedule of Assets, Liabilities and Financial Resources.
This assists women to not only keep track of the asset pool (identify all the assets and liabilities etc) but also keep track of current values (and whether there is a dispute about value) and work out potential property settlement outcomes in terms of a percentage range (which is how the Court and lawyers talk about property settlement entitlements).
To help , Women’s Legal Service WA (WLSWA) has developed a template Excel Schedule of Assets, Liabilities and Financial Resources which is available for here from our website which can be downloaded and amended. This Schedule is a Microsoft Excel document and uses formulas. It is suitable for women who are comfortable using this program.
This Schedule (once completed to the best of a person’s knowledge) can and should be taken by the client to an advice appointment with a lawyer as it reduces the time the lawyer will need for the appointment.
WLSWA runs a Family Law (Property) Legal Clinic in which lawyers (mainly private solicitor volunteers) provide one-off advice to women in relation to their property settlement entitlements or other aspects of the family law financial matter.
This Schedule should be completed and returned to WLSWA prior to, or at, a WLSWA Legal Clinic so the lawyer has more time to spend giving the client legal advice. If you can’t complete the Schedule, don’t worry but the lawyer will need to spend time during your appointment getting those details from you. This will then reduce the time they can spend giving legal advice.
The information in the completed Schedule is required by the lawyer so they can work out how the Family Court of WA may consider the entitlements of the parties to that asset pool and therefore what advice they are required to provide to individual clients in their matter.Download