Financial Contributions is all monetary contributions to the relationship and can include but is not limited to
- Wages
- Amount of money each person had at the start of the relationship
- Termination money
- Lotto winnings
Once the financial contributions to the relationship has been identified, the court will look at which parties made contributions and when. It is essential that all information is disclosed to your representation, the other party and the court.
The court will only look at where the money in the relationship is being spent if there are allegations of wastage. Wastage is when a considerable amount of money is being used for the following:
- Gambling
- Drinking
- Prostitutes
- Drugs
A considerable amount of money will be determined on the weekly combined wage of the parties to the relationship. As a rule of thumb, 10% of the wage spent on any of the above is seen by the court as wastage
This article provides basic information only and is not a substitute for legal advice. If you are likely to be involved in court proceedings or legal action, you should get advice from a lawyer.
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