After a relationship breakdown, you might need to divide your assets between you and your ex partner. Here are the steps to calculate what percentage is “just and equitable” Preliminary step –

Should there even be a split, or should you each keep what you have now?

1. Determine the ASSETS owned by each person and their values. In limited cases, it can include an asset that a person has recklessly or negligently disposed of .
2. Assess the CONTRIBUTIONS made by each person. This can include incomes, care of children, being a homemaker, having assets/savings before the relationship started, inheritances, redundancies, gifts and lottery winnings, to name a few.
3. Consider the FUTURE NEEDS of each person. It might include ongoing care of children, income capacity, age and health needs.
4. Consider any other relevant factor. For most people, it includes how long the relationship was but it can cover other things.

After these 4 steps, we calculate a “reasonable range” of the percentage each person should keep.