When it comes to splitting the pool of matrimonial asset, the assessment would be determined by the date of the interim judgement that dissolved the marriage. This means that any fresh income after that would not be considered under matrimonial asset. Similarly, any money spent on the family asset, such as mortgage payments, would be refunded to the spouse who paid for it.
In the recent divorce case, the wife had over $110,000 refunded to her because she was still paying the mortgage after the marriage was dissolved. And after the divorce, the wife got retrenched. The undisclosed sum of her severance package was hers to keep and thus not included in the matrimonial asset pool for division.
As long as your divorce is finalized, even if you are still in the midst of discussion of matrimonial asset division, you can and SHOULD still plan your finances for your new life and your new future.
Start with consolidating your asset, setting aside capital for your own retirement, and creating your will and trust to safeguard your asset from your ex-spouse in event of premature death.
