There is no fixed “one size fits all” approach to the formula to achieve or a set division of assets. Each case is determined on a case-to-case basis.

When making a determination of the outcome of your financial matters the court follows a 5 step process in making a decision. The process is adopted by lawyers to ensure that a just and equitable outcome is reached.

The court applies the following when reaching a final determination of your matter:

1. Is it necessary that there be a division of the assets;
2. What is the value of the property pool;
3. What did each party contribute to the relationship;
4. What are the future needs of each party and any children; and
5. Is the proposed division just and equitable.