How matrimonial assets will be divided in a divorce in Singapore is often a hotly contested issue, given that it can affect one’s standard of living materially afterwards.
Lottery winnings can also be considered matrimonial assets if the winning ticket had been bought with the intention to benefit the family, instead of just the buyer himself/herself. 2. The extent of non-financial contributions towards the welfare of the familyThese include looking after the household and caring for any elderly or infirmed family members. The extent which support is given to allow the other party to pursue his/her career is also considered.
7. The needs of each party after divorceNonetheless, it should be noted that the proportions for the division of matrimonial assets are determined on a case-by-case basis. There is no default position with regard to this issue. In some circumstances, the facts of the case may call for the court to then weigh the financial and non-financial contributions and tilt the average ratio in one party’s favour. The court has given some broad factors which may affect such a balancing exercise:
The courts also tend to attach more weight where the homemaker has taken great pains to raise the children to adulthood, or has sacrificed significant career advancements to stay home.
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