LEGAL TINGS | A PODCAST ABOUT ALL THINGS LAW AND LEGAL.

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When will the asset count as non-sharable in a divorce?

Assets owned by one spouse before the marriage remain non-shareable unless improvements are made during the marriage.

1. Pre-Marital Ownership:
Assets acquired by one spouse before the marriage typically remain non-shareable unless substantial improvements are made during the marital union.

2. Ownership Persistence:
In the absence of alterations or enhancements, assets originating from one spouse before marriage generally remain under their original ownership.

Example:
If a woman inherits stocks before her marriage and refrains from mingling them with marital assets or utilizing them for significant improvements, these stocks remain exclusively hers. The crucial factor lies in the avoidance of commingling and substantial alterations, ensuring the pre-marital assets retain their distinct ownership status.

#singaporelaw #legaltings #familylaw #singaporelawyer #assetdivisioninsingapore

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When will the asset count as non-sharable in a divorce? Assets owned by one spouse before the marriage remain non-shareable unless improvements are made during the marriage. 1. Pre-Marital Ownership: Assets acquired by one spouse before the marriage typically remain non-shareable unless substantial improvements are made during the marital union. 2. Ownership Persistence: In the absence of alterations or enhancements, assets originating from one spouse before marriage generally remain under their original ownership. Example: If a woman inherits stocks before her marriage and refrains from mingling them with marital assets or utilizing them for significant improvements, these stocks remain exclusively hers. The crucial factor lies in the avoidance of commingling and substantial alterations, ensuring the pre-marital assets retain their distinct ownership status. #singaporelaw #legaltings #familylaw #singaporelawyer #assetdivisioninsingapore

The Importance of Crystal Clear Terms in Your Family Wills

Clarity and Communication: All family members must be well-informed about asset distribution plans and have access to wills to prevent any misunderstandings.

Documentation is Key: Keep meticulous records of all assets and distributions to provide solid support for decisions, ultimately minimizing disputes.

Transparency: Openly communicate asset distribution plans with all beneficiaries to avoid any potential confusion or resentment down the line.

Remember, open communication and transparency is key in upholding the wishes of deceased relatives.

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The Importance of Crystal Clear Terms in Your Family Wills Clarity and Communication: All family members must be well-informed about asset distribution plans and have access to wills to prevent any misunderstandings. Documentation is Key: Keep meticulous records of all assets and distributions to provide solid support for decisions, ultimately minimizing disputes. Transparency: Openly communicate asset distribution plans with all beneficiaries to avoid any potential confusion or resentment down the line. Remember, open communication and transparency is key in upholding the wishes of deceased relatives.
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