Property adjustment orders during divorce procedures

As for the distribution of property in divorce procedures, such as:
  • Property
  • Bank savings
  • stock
  • fund
Half and half share
In the divorce division, the judge will consider the assets and borrowings of both parties, as well as the income ability of both spouses and their future earning ability. Regarding the distribution of wealth, although the Hong Kong Court of Final Appeal in the case of LKW v DD (2010) 13 HKCFAR 537 sentenced the wife to a divorce in Hong Kong, she had the right to share half of the spouse’s assets and half of the share, but it was not Inevitably, the divorce court will consider factors such as the length of the marriage of both parties, everyone's contribution to the marriage, pre-marital wealth, reasonable living standards and other factors, and decide on maintenance and how to distribute the property.

For the distribution of rights and interests, the divorce court considers both parties' financial (the initial purchase of the property, attorney's fees, printing fees and mortgage payments) and non-monetary (giving up work to make money and becoming a full-time mom), as well as other factors.

Peace, disputes
If the two parties broke up peacefully, it would be best if the property distribution can be peaceful and reach mutually acceptable agreements.

However, if there are disputes between the two parties, especially in the distribution of assets, if the dispute is to be decided and handled by the court, both parties must submit an affidavit to fully disclose their respective financial revenues and expenditures and assets and wealth. Being exposed to false oaths, forging documents, fraud, and even contempt of court for violating some court injunctions, contempt of court, charges can be large or small, and can be imprisoned.

Enter into a prenuptial or postnuptial agreement
In cases involving huge assets, especially the wealth of "super-rich family members" or "rich second generations", this 50/50 rule will have an important impact. Therefore, if you want to protect family or personal wealth and avoid unintended consequences of divorce, it becomes very important to enter into a prenuptial agreement.

related articles:

Ye Xiedeng has an experienced divorce team. The team of lawyers handles 200 new divorce cases every month. The number of divorce cases is staggering. We attach great importance to divorce legal services and build our own online platforme-Dove.comReport the latest progress,There is crossover, no leakage,Provide you with personal services. Whether it is alimony, child custody or property distribution, please contact the bank as soon as possible, WhatsApp or call 65366666 (Liao Yingxin lawyer) to arrange consultation.