When deciding how property is divided, a court will consider the future needs of each party. It must then determine the approximate amount required to ensure they are met. Primarily, it is important that both parties maintain a reasonable standard of living.
Relevant Factors
• Age;
• Health;
• Current financial circumstances
• Eligibility for government benefits;
• Income and income earning capacity;
• Financial circumstances of a new partner;
• Parental responsibilities;
• Responsibilities as a carer;
• Marriage duration;
• Financial support of another person;
• Child support obligations;
• Financial agreement terms, if any