Alongside the emotional turmoil in facing divorce, there are practical financial issues that one must deal with when considering or undergoing divorce. Here are a few ways in which you can protect yourself financially when going through divorce.
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In the most ideal situation, parties will agree on what happens to the flat – whether one party should transfer his or her share to an eligible party together with other agreed terms, or whether the flat should be sold and the proceeds be divided in an agreed percentage between the parties.
In Singapore, according to Section 114(1) of the Women’s Charter, the court will take into account all the circumstances of the case in assessing the maintenance due to a former wife from her husband.
Adultery takes place when a married person has an extra-marital sexual relationship with another person with whom he/she is not married to whilst being married.
Choosing to Mediate a Divorce can occur at pre-trial stage or subsequent to parties filing legal action. Couples opting for this process, engage the services of a Family Mediator to help them reach terms and settlement before ending their marriage.