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Legal Loans and Legal Finance
Freemont Family Lawyers has partnered with Just Fund to provide legal finance options, including legal funding for out-of-court settlement and court litigation. Conditions Apply.
Legal loans can provide essential financial support for individuals facing family law issues who may not have the funds available for legal costs. These loans can help with legal fees, court costs, mediation, and other related expenses, ensuring fair access to legal assistance. By securing a legal loan, individuals can focus on resolving their family matters without the added stress of financial constraints or being disadvantaged because of separation.
Legal Financing
Legal finance is an option for individuals with family law matters who face financial constraints. Providing funding for legal fees enables clients to access high-quality representation even if they are not in a position to pay their legal fees upfront and get to a timely resolution.
Legal Funding Eligibility Checklist
To qualify for a legal loan, you will usually need to meet the following eligibility criteria:
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You have separated.
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Your legal matter involves a property settlement.
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The net property pool is more than $300,000.
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You are a permanent resident or citizen of Australia.
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If you have a mortgage, you can provide a mortgage statement within the last six months.
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You are not bankrupt or considering bankruptcy.
If you meet the above criteria, you are likely to be considered for a legal loan; however, other conditions apply.
Is Legal Funding Right for You?
When facing family law matters, such as divorce, property settlement, child custody, or spousal support, the costs of legal representation can be expensive due to the complex nature of these issues. Legal funding provides a solution by offering financial support to cover legal fees, court costs, and other expenses, allowing you to focus on your legal matter without the burden of immediate payments. But is it the right choice for you?
Legal funding is an option worth considering if:
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You’re struggling to afford upfront legal fees, but you have equity in your home (even if the house is not in your name, provided it will be included in the property settlement asset pool).
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You need immediate access to quality legal representation to protect your rights.
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You want to avoid draining personal savings.
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Your case will result in a settlement or financial award, as funding is repaid from the proceeds.
No Win No Repayment Legal Loans
Unlike traditional loans, legal funding is non-recourse, meaning you only repay if you get a property settlement. This makes it a low-risk option for those navigating complex family law disputes. However, it’s not ideal for everyone. If your case has a low chance of success, you will not qualify, or if you can afford legal costs upfront, you may not need funding.
Legal Loan Interest and Fees
As with any loan, there are administration fees and interest to repay, which you should consider based on your circumstances, including by obtaining financial advice.
Some complex family law matters may take several years to resolve, depending on a range of issues, including how the parties approach the matter. The longer it takes to settle, the higher the administration fees and interest repayments will be.
Legal Financing Options
Explore your options with our family law team, which has partnered with Just Fund to offer legal loans. We offer transparent, flexible legal funding solutions.
Contact us today to determine if legal funding is the right path for your family law matter.