How are divorce settlements worked out?

How are divorce settlements worked out?

Divorce Settlement: The marital assets are split 50/50 between the spouses. There is no spousal support or child support. Both Ken and Jan are basically in the same position financially at the end of their marriage that they were before the marriage.

When getting a divorce who gets the money?

filing for divorce online

At divorce, community property is generally divided equally between the spouses, while each spouse keeps his or her separate property. Equitable distribution. In all other states, assets and earnings accumulated during marriage are divided equitably (fairly), but not necessarily equally.

Can my ex wife claim money after divorce Australia?

Tip. Generally, an ex-wife has no rights to money her spouse earns after a divorce. In the event the judge awards alimony or child support; however, she will be entitled to a portion of it.

Is a spouse entitled to lawsuit money?

Pursuant to California Family Code 780, if a personal injury cause of action arises during the marriage, then the non-injured spouse would be entitled to half of the money, unless an exception applies.