How is a property settlement worked out after a separation?

When people share assets during a partnership they will usually split these assets upon separating. If the parties cannot agree on how to split the assets, the court can work out a property settlement which is based on a range of factors.

There is no formula for how a property settlement is decided; every case is decided on its own merits. Every partnership will have an identified property pool, and then any relevant contributions (including non-financial contributions) will be identified, before a judge will make a decision on how assets are to be divided based on justice and equity. 

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