[Ivan Cheong]
Deciding how your finances and assets will be divided upon divorce can be one of the most challenging areas of separation. You might be worried about what will happen to your assets – whether they will remain held in your own name, or be divided, and a portion be given to your spouse.

[Billy Ko]
There is no 'one-size-fits all' approach when it comes to working out the division of assets. In some jurisdiction, whilst a 50/50 split is often the starting point for negotiations, the ultimate goal is to achieve a fair settlement for you and your family, which may not always mean equal division. Factors such as the length of marriage, financial contributions of each spouse, and the needs of both parties, particularly if you have children, can all influence the outcome.

[Ivan Cheong]
In other jurisdiction, the court will ascertain which assets form part of the pool of matrimonial assets, whilst considering the parties' direct and indirect contributions to the marriage before arriving at a just and equitable division.

[Billy Ko]
Understanding the financial landscape is essential. There is a duty for both of you to disclose the assets to the court and to each other. While some cases are more straightforward, others involving trusts or complex assets may require a more well-planned advice. If you are concerned that your spouse may hide assets, which can complicate the division process, we can advise you on the best course of action to ensure you are best protected.

[Ivan Cheong]
Understanding the legal aspects of asset distribution can strengthen your position during divorce proceedings, and we can help you navigate any potential challenges and complications, providing clarity and support throughout the divorce process.