How is property divided in a divorce in Trinidad and Tobago?
Table of Contents
How is property divided in a divorce in Trinidad and Tobago?
The Courts seek to divide the assets of the parties in an equitable manner giving due consideration to the needs of the parties, any children and the arrangements for them and the duration of the marriage. Settlements usually range from 1/3 to ½ of the communal assets, following solid legal precedents.
Is inherited property considered marital property?
Generally, inheritances are not subject to equitable distribution because, by law, inheritances are not considered marital property. Instead, inheritances are treated as separate property belonging to the person who received the inheritance, and therefore may not be divided between the parties in a divorce.
How do I trace a separate property in a divorce?
The key to proving separate property is documentation and showing a paper trail to trace your separate property. Tracing is the method used when your original separate property has changed form, been exchanged, or sold during your marriage, resulting in you owning different property at the time of divorce.
