Are assets split 50/50 in a divorce?
0 CommentsDuring A Divorce Are Assets Split 50/50?
No, there is no legal presumption that assets are to be split 50/50 between spouses. In a modern divorce, non-economic contributions to the relationship are considered, such as, domestic duties, looking after kids, running errands etc. In a particular relationship, a 50/50 split between spouses may be an appropriate starting point to separating assets during a divorce but the appropriate percentage split will depend on the unique circumstances of that particular relationship and how legal principles apply to that particular relationship. These considerations include assets brought into the relationship prior to becoming married, contributions (both financial and non-financial) during the period of the relationship and potentially actions after separating.
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