Division of Property and Assets
There are always misconceptions that matrimonial assets are divided equally 50:50 in a divorce. But in Malaysia, the courts have the power to order the distribution or division of the matrimonial assets acquired by the parties during the marriage through their joint efforts, in a manner the court deems fit.
Matrimonial assets include assets owned before the marriage by one party which have been substantially improved during the marriage by the other party or by their joint efforts. By way of illustration, a house acquired by the husband before marriage may have been significantly improved by the wife by renovating the bedroom and living hall of the said house or the wife paying for the household expenditures during the period when both parties were residing in the house.
Deciding who should get what can be a challenge, and if your divorce is contentious, then this can be especially complicated. However, our divorce lawyers are qualified of substantial knowledge in handling divorces cases and have a deep understanding and experience on the matters relating to division of property and assets. We understand that for a housewife who take care of the family 24/7 without income is at financial difficulties and is difficult to move forward with their life post-divorce. Hence, we are not only giving advice on the divorce proceeding but we do also advise our clients on assets planning to ensure that they receive what they rightfully should as they move forward with their life post-divorce.