How is a divorce settlement divided?

In Hawaii, the division of assets and debts during a divorce is based on the principle of equitable distribution. Under this principle, the court looks at the contributions of each party to the marriage, their economic needs, and the property that each party may be awarded. This includes marital assets such as real estate, bank accounts, pensions, and other assets. The court will also consider the length of the marriage, the contribution of each spouse to acquiring assets, and their ability to support themselves. If the court finds that one party contributed more to the marriage or has a greater need for support, then the court may award that party a larger portion of the marital assets or debt. If the court is unable to reach an agreement on a settlement, then they may require the spouses to go through mediation or a collaborative process to resolve the issue. If an agreement is not reached through mediation, then the judge will make the ultimate decision on how the assets will be divided. Ultimately, the division of assets and debts during a divorce in Hawaii is based on fairness and the equitable division of assets among the two parties. This principle is applied in cases where the spouses cannot reach an agreement through mediation or a collaborative process, and the court will make the final decision on how the assets are divided.

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How is a divorce settlement divided?

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