How it works – Split Divorce

EASY STEP BY STEP PROCESS

1. JOIN OUR FREE TRIAL

2. INVITE YOUR PARTNER

3. TEST YOUR OUTCOMES

4. SUBSCRIBE & COLLABORATE

5. PRINT AGREEMENT

SPLIT is designed to help you resolve the Financial and Parenting matters of your divorce. This is seperate to applying for your divorce. Check our FAQ page for the difference between applying for your divorce online and then finalising Financial and Parenting matters.

When you are ready to begin your first step is to compile all your financial information, known as your martial pool, so that you are prepared to use our toolkit. The pool includes all the assets and belongings that you and your ex-partner bought to, and accumulated, during your relationship together with any loans and expenses. If you have any children their details need to be anonymously entered with a proposal for how many nights they will spend with each partner during a year. SPLIT uses industry leading AWS Amazon Web Services data protection to ensure your information is confidential and secure.

Once you and your ex partner have entered all your information into SPLIT and agreed on its accuracy, we use the same principles that the Australian Family Court uses to calculate how your martial pool should be divided. SPLIT uses smart technology to do this without a need for lawyers and outputs a percentage outcome to you and your ex partner based on the entered data.

The last step is for you and your ex partner to SPLIT the ownership of assets and liabilities of your pool to match the percentage outcome to each of you. You may need to sell assets and or transfer liabilities to either party to achieve this. SPLIT gives you the interface to complete the process.

Once you have completed the Financial module, and Parenting module if necessary, you purchase the Agreement module to export your agreed decisions. You are then ready to print your final SPLIT Agreement and file it online with the Federal Circuit Court of Australia.

WE EMPOWER YOU TO TAKE CONTROL

According to consumer surveys average fees for a standard lawyer directed divorce to resolve Financial and Parenting matters can range from $15,000 to $30,000 per spouse. Costs for a divorce in the Family Court vary, but often range from $80,000 to $200,000+ per couple. SPLIT starts at only $249 per partner, less than the cost of an hour of time from a family lawyer.

Finalising Financial and Parenting matters may take some time as collaborating with your ex may be difficult. If you can achieve an amicable outcome by working together and staying out of court you will save enormous amounts of time, money and emotion. SPLIT has a one off fee per module so you can take as much time as you need to complete the process. You can start with SPLIT before you apply for a divorce or after, the timing is in your control. Some couples resolve matters quickly whilst others may take a year or more.

Of course you can still choose to seek legal advice or mediation along the pathway and the information you enter into SPLIT will remain very useful to those practitioners. Using the SPLIT Do It Yourself templates for entering your martial pool is a very cost effective means of capturing and conveying information for your advisors and will help avoid large fees that they may charge you for the same process.

In some cases it may be helpful to seek the help of a mediator to assist you with the SPLIT journey. Please contact us if you would like recommendations for mediators in your area.

FAIR DIVISION OF ASSETS

An adversarial divorce directed by legal practitioners results in unpredictable, lengthy and costly outcomes. When it comes to dividing assets and property, no one can tell you exactly what orders the Family Court may make. Often both partners complete the process without the outcome they desired as the court determines who receives the assets of your martial pool.

A Do It Yourself divorce allows you to stay in control and work with your ex-partner as to how you want the outcomes to take shape. SPLIT have developed a mathematical algorithm that utilises the Family Court criteria and applies it to your martial pool allocating a percentage outcome to each partner. Once that is completed you work together to divide your assets exactly how you like provided each partner receives the percentage of the pool allocated to them by the algorithm.

PARENTING PLAN

You and your ex-partner need to make careful decisions about how your children will be parented. SPLIT contains a comprehensive set of tools that allows a Parenting Plan agreement to be created. The Plan details how time will be shared between the partners and records how decision-making will be undertaken until the children reach 18 years of age.

The Plan is linked to the financial data so that the responsibilities for ongoing children’s expenses are accounted for. When completed you purchase the Agreement module to allow the Parenting Plan to be generated as part of your Agreement document produced by SPLIT. You are then ready to file online at the Federal Circuit Court of Australia and get on with planning your future.

AGREEMENT

Once you and your ex-partner have completed the Financial and Parenting modules, if required, you purchase the Agreement module and the initial registered user automatically outputs your final Agreement using all the data entered.

The Agreement is created in electronic word format so that you can make any final small changes prior to lodging online with the Federal Circuit Court of Australia. If you have children the Parenting Plan you created in SPLIT will be included inside the Agreement. Now you are ready to plan your new future!

If you decide in the future that you want to update your Agreement you can access your account and produce an updated version. SPLIT will never charge you more to make a change. Unlike using lawyers, you and your ex-partner pay once and that’s it. We are here to support you and not the growing legal sector.