When it comes to property settlement, the court takes into consideration various factors such as the contributions made by both parties before, during, and after the separation, as well as the future needs of each party. This includes the property brought into the relationship by each party, their financial position, their financial and non-financial contributions, and the contributions made for the family’s welfare in general.
If the deadline for commencing property proceedings has passed, or the parties desire to be exempted from potential future claims of spousal maintenance, they may choose to enter into a financial agreement. This allows them to avoid the court’s jurisdiction in matters related to property and spousal maintenance. Spousal maintenance imposes a responsibility on one party to support the other party to the level that they are reasonably able to do so, and the other party is unable to support themselves adequately.