How Are Assets Divided In A Divorce?
The whole process of divorce is a complex, time-consuming and emotionally and physically draining process. It is not just the separation of two people. It is the division of every tangible i.e. child (if any) and intangible element i.e. assets or property between them. If you are going through this rough journey, then it’s a piece of useful knowledge to know how family lawyers in Brisbane divide the assets in divorce cases. Asset Division It is good to know that assets in a divorce case are not spilt up in a ratio of 1:1. You don’t get or need to give exactly half of it. Many factors form the basis of this division. These are starting assets, current and past incomes and the health and age of individuals involved. Engaging an expert family lawyer for your case can also greatly influence the outcome of your asset division. Their knowledge and experience gained after years of practice can ensure a just and equitable division of assets and properties among the two parties. Asset definiti...