Equitable Divorce: Navigating the Division of Matrimonial Assets in Short Marriages in Singapore

Introduction:

Divorce is a challenging process, and when it comes to couples with a relatively short marriage, the division of matrimonial assets becomes a critical aspect of their separation. In Singapore, the law aims to ensure a fair and equitable distribution of assets, taking into account the specific circumstances of each case. In this blog post, we will explore how the division of matrimonial assets unfolds in the context of short marriages in Singapore.

1. Understanding Matrimonial Assets:

   • Matrimonial assets encompass properties, financial holdings, and other valuables acquired during the course of the marriage. In Singapore, the primary goal is to distribute these assets fairly, considering factors like financial contributions, the duration of the marriage, and the needs of both parties.

2. Short Marriages and Asset Division:

   • For marriages of a relatively short duration, the court may take into account the limited time the couple spent together when dividing assets. While there is no strict definition of a short marriage, those lasting a few years may be considered as such.

3. Financial Contributions:

   • The financial and non-financial contributions of each spouse during the marriage are crucial factors in the asset division process.

   • Generally, if there are no children born during the marriage, there will be no non-financial contributions taken in to account. This means only the direct financial contributions by both parties will be taken into consideration when dividing the matrimonial assets.

4. Needs and Welfare of Children:

   • If the couple has children, their welfare is a paramount consideration. The court may factor in the needs of the children when determining the division of assets, ensuring that they are adequately provided for post-divorce.

5. Agreements and Consent Orders:

   • In cases of short marriages, couples may have already formulated agreements on the division of assets. These agreements can be formalized through a Consent Order, allowing couples to retain control over the terms of their settlement.

6. Financial Independence and Future Planning:

   • Post-divorce financial independence is a crucial consideration. The court may aim to enable both parties to move forward with their lives, and the division of assets should facilitate financial stability for both.

Conclusion:

In short marriages, the division of matrimonial assets in Singapore is a nuanced process that aims to strike a balance between fairness and practicality. As couples navigate this challenging terrain, seeking legal advice becomes crucial to ensure a smooth and equitable separation. Whether through amicable agreements or court decisions, understanding the factors influencing asset division can empower individuals to make informed decisions about their financial futures. Our lawyers have much experiencing handling issues in relation to divorces involving short marriages. Contact us at 8780-2499 to learn more.