What are Property Settlements?
A property settlement involves dividing assets between parties following a separation or the dissolution of a marriage. Typically, property settlements consider the value of all items in the asset pool, as well as the income/earning potential of both parties, contributions of both parties and the projected financial needs of both parties (including financial considerations for dependents during child custody arrangements).
In cases where one party was compelled to leave work for the purpose of parenting or homemaking whilst the other party provided financial support, there may be grounds to make an order for spousal maintenance or spousal support alongside finalising the property settlement. If you’d like to make an order for spousal maintenance, our Property Settlement Lawyers here at Oxford Partners Lawyers can offer their support and legal guidance alongside ensuring that your projected financial needs and consideration for any dependents are also included when finalising your property settlement arrangements.