You may be keen to find out more about division of women’s charter matrimonial assets.
An out-of-court settlement is good, because:
- If you are able to reach a settlement with your spouse, you do not need to proceed to Court and have a Judge decide on your case. An out-of-court settlement takes up less time and financial resources.
- You will be able to make suitable arrangements with your spouse, to cater to your needs. For instance, it may be a case that you and your spouse decide that he shall transfer the HDB flat to you without any financial consideration. On the other hand, you may agree to maintain the children by yourself. This may help you to solve the immediate problem of housing.
Women’s Charter Matrimonial Assets
It is possible to come to a settlement by yourself. If you are unable to do so, you may proceed to mediation and reach a settlement with the assistance of your lawyers and the Judge-Mediator.
How do you determine if an offer to settle is fair?
From the perspective of a divorce lawyer, a settlement offer is fair if the result is likely to be similar to a Court-adjudicated decision.
The Court will decide on division of matrimonial assets based on parties’ direct financial, indirect financial and non-financial contributions. Contrary to common belief, adultery is not usually considered by the Courts in deciding division of matrimonial assets.
Direct financial contributions refer to the amount paid by parties to the acquisition of the matrimonial assets.
What are some examples of indirect financial contributions?
Case Study- Chris Ko
In the much publicised case of Chris Ko and her husband Kuo Tsung Kun, Kuo allegedly had an affair. Kuo repeatedly delayed payment to their joint account which was set up for the benefit of their children. He could not afford to pay their household bills as he “had no money and was only left with NT$60,000 (approximately S$2,706) in his bank account”.
In this case, Ko’s indirect financial contributions to the family (in terms of household bills and children’s expenses) may lag behind Ko’s indirect financial contributions.
See: “Chris Ke’s husband slams her for filing for separation of their assets”, MSN, 3 November 2017
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