3 Possible Resolutions of Division of Property from Divorce
It is a fact of life that some marriages don’t work out. We try our best, but sometimes it’s better for everyone involved to let go. In Singapore, the legal process of separating is by divorce. Separation isn’t always amicable, though, which means the divorce procedure in Singapore can be messy.
You might have to battle for your rights when you divorce your spouse. After all, marriage usually means that you’ve been sharing a lot of property with your spouses. You may dispute over things like rights to raise your children or live in the home you bought. This is when divorce in Singapore gets messy, and the cost can skyrocket.
What are some of the decisions made when you initiate a dispute over your property? Here are examples of what your resolution may look like.
- The property is given to one party wholly, without the other party receiving a share. This can happen in instances where the asset was inherited by one party by parents or other blood relatives. However, with the best divorce lawyer in Singapore, you may be able to dispute ownership if you’ve provided any payments, furnishings, or other contributions.
- One party may need to provide payment to the other. You can reach an agreement for one party to be given the property if the other party will be given monetary compensation.
- The court orders the sale of the property, with the division of the profits between them. Can’t reach an agreement? The Singapore divorce process can try to ensure fairness by having you divide the property through monetary means.
Learn about how you can get assistance for your divorce. Lie Chin Chin is a law firm in Singapore with experienced professionals who can guide you! See their website to know more about their lawyer fees for divorce and other important information about their services.
