Marriages fail. This is not an uncommon incident. Couples across the world walk their separate ways all the times. However, the process of terminating marital ties is not easy. Different elements are related with this. Wealth division or financial settlement is among them. Everyone knows that the couple split their property when they reach the decision of terminating their marital ties. People have numerous questions related to the financial settlement.

Frequently Asked Questions

Does the reason matter? Many worry that the ground for terminating the marital tie may affect the factor of financial settlement. They want to know whether this is possible. You may put your mind at rest. The ground for terminating marriage matters but rarely. Most of the times, the ground does not make any difference.

The Court wants the financial settlement to be fair and bad behaviour or cheating on the spouse hardly makes a difference in this. Behaviour makes a difference though, when you are filing for child custody. In such a case, how you behave will make a big difference.

Behaviour of the spouse is important when violence leaves a long term effect. In addition, if someone is caught interfering with the otherâEUR(TM)s financial status, the matter may affect the financial settlement beyond doubt.

When to Agree? This is another question that people worry about. The answer is simple. You can agree to the terms of settlement anytime you want. This can be during the process of terminating the marriage. You can agree to settle after the process is over. However, it will be better if you agree to settle before the termination process is over.

Will certain payment affect the settlement? The answer is no. In case, your spouse requires maintenance, you need to pay the money. Otherwise, the spouse will be hostile towards. However, it is wise not make a large payment as this might complicate the matter.

IF you move out of the house, will it make a difference? Until your marriage is terminated, you have the right to remain in the house with your spouse. Even if you have moved out, you have the right to return without seeking anyoneâEUR(TM)s permission. The complication may arise, in case your spouse changes the locks. In such a case, you can seek legal assistance.

Is there any precaution to take? If you have a joint account, there is a risk that your spouse may withdraw money without your consent. In addition, you will be responsible for any debt on that account. If you have doubt that your spouse may misuse your money, you have the right to close the account. However, a problem may arise in this situation. If you close the account without notifying anyone, your spouseâEUR(TM)s need may get disrupted. In this situation, you will have to pay the maintenance.

How much money can your spouse ask for as maintenance money? This is an important question. Everyone wonder this. However, answer is not that simple. The decision will be made based on several factors. Duration of your marriage is important and the Court will consider this before coming to any conclusion. In addition, the age, health and education of the spouse will also be considered. Permanent alimony is uncommon and without solid reason the court may not even grant this.

Can a husband ask for alimony? There is a general concept that only the wife is entitled to get the alimony. However, this is not true. There is no reason why a husband cannot ask for it. Law is equal for everyone and if termination of marriage affects the lifestyle of the husband, he can file for alimony.