How is property settlement determined?
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How is property settlement determined?
Firstly, the assets, liabilities and financial resources of the couple are identified and valued. Secondly, the financial and non-financial (such as the homemaker role) contributions are assessed. Thirdly, the future needs of the parties are considered, as detailed below.
How long does a divorce financial settlement take?
around five to six months
Does blame affect divorce settlement?
Any fault, either perceived or real, generally has no part in the settlement process and indeed seeking to apportion blame when it is not appropriate can often hinder proceedings and increase costs.
How does a judge decide who gets what in a divorce?
The court will look at meeting the needs of both parties, including ensuring their housing and income needs are met. If these needs are met from the available assets and there is a surplus, the court may consider the origin of certain assets in deciding how the remainder is divided.
