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Home » Family Law » Property Dispute
Property Dispute

What is Property Dispute and when it occurs?
The term “Property Dispute” refers to the controversy for property (Home, car, cash money, life insurance and other things) between husband and wife at the time of divorce or separation.

Where can I settle my property dispute, I mean where should I apply?
You should apply to Family court in your state or Federal Magistrate. Normally, it takes around 1 year for property settlement.

How does a court settle property disputes? I want to know some basic rules and laws under which property dispute is settled.
Normally, the case is settled in four steps:
• Ascertaining the Net Asset Pool
• Shares of spouses to the Net Asset Pool
• On going needs
• Practical implementation
Ascertaining the Net Asset Pool:
In this step, the court ascertain all assets, may it be cash or in any form, such as home, car, furniture, money in bank account, jewelry gifts and other items. These all are called Net Asset Pool and are calculated at the time of settlement of property disputes.

Shares of spouses to the Net Asset Pool:
In this step, shares in assets from both spouses are calculated and assessed. How they are assessed and calculated depends on many factors. You should discuss your family lawyer to learn more about it.

On going needs:
In this step, on going needs and financial position of both the spouses are assessed, and if either spouse has poor financial position, the court favors him or her.

Practical Implementation:
In this step, all the previously made decisions are implemented and are applicable to both the spouses.

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