What are the effects of divorce on property division?

Divorce is a difficult process that not only affects the relationship between the spouses but also has a significant impact on the division of property. In the Philippines, divorce is not legal but annulment is. Annulment proceedings can be lengthy and expensive, and it is crucial to understand the effects of divorce on property division.

When a married couple decides to get a divorce, they must divide their marital property. Marital property refers to the assets and debts that were acquired during the marriage. In Cebu and the rest of the Philippines, marital property is divided equally between the spouses. This means that both parties will receive an equal share of the total assets and debts.

In cases where one spouse contributed more to the acquisition of the marital property, they may ask for a larger share of the division. However, this is not always granted, and the final decision will depend on the court's interpretation of the evidence presented.

It is essential to note that certain types of property are exempt from division during a divorce. These include properties that were acquired before the marriage, properties acquired by gift or inheritance, and properties acquired after separation.

The division of property can be a complicated process, especially when there are disputes over certain assets. It is critical to seek legal advice from a qualified attorney who can represent your interests in court.

In conclusion, divorce has a significant impact on property division in Cebu and the rest of the Philippines. It is essential to understand the laws and regulations surrounding divorce and property division to ensure a fair and just settlement. If you need help with any legal or relocation services in Cebu, contact Yehro Cebu City for assistance.