Property Settlement

Property settlement refers to the process of dividing assets and liabilities between parties, typically following a divorce or separation. It involves assessing the value of shared property, such as homes, cars, and savings, and determining how these will be divided fairly. Both parties may negotiate directly or involve legal professionals to reach an agreement. The goal is to ensure that each person receives a fair portion of the assets, taking into account factors like financial contributions, future needs, and the welfare of any children involved. Proper settlement aims to provide clarity and closure after the relationship ends.