The division of property between spouses who are facing separation and divorce is one of the most complex, emotional issues with the most decisive implications for the economic future of each party in the divorce process. In this area, there is an absolute conflict of interest between the spouses, and in addition there is a kind of legal ambiguity that raises another difficulty in rationally predicting the outcome of the division of property.

Financial agreement

A financial agreement is a legal contract designed to regulate the property relations between the spouses and to determine sharing or separation with respect to the various income and assets of the parties, and its great advantage is that it is easier and faster in a situation where a divorce crisis occurs. Out of respect, saves long and ugly litigation, protects private property and gifts from each side accrued from the pre-marriage period. In the second marriage, the agreement allows for the distribution of respectable property to the heirs after the death of one of the spouses or the divorce.

Financial Relations Law

The Law on Financial Relations in Israel stipulates that any property of any kind that the spouses have accumulated during the years of their marriage shall belong to both of them, including property registered in the name of only one of them. In 2008, an amendment was made to the Financial Relations (Distribution of Property) Law, whereby it was determined that upon the fulfillment of certain criteria set out in the law, it would be possible to distribute property even without valid deportations, ie, the spouses who did not reach a voluntary property distribution agreement, To one of the competent courts to deal with the matter. As opposed to the cohabitation procedure (which applies to couples married before January 1, 1974), according to which assets purchased after the marriage belong to both spouses (even if an asset is registered in the name of one of them), a balance of resources arrangement is a property arrangement that separates the spouses' Until the marriage expires.

During the divorce process, the process of sharing the common property requires professional and meticulous management. It is recommended that an expert in his field, who knows the secrets of the law until the smallest resolutions, ensure an ambitious and optimal division of property for the client and his loved ones.

Financial relations law – balancing resources

· The Financial Relations Law stipulates that a couple who have been married after 01.01.1974 shall be subject to the Financial Relations Law. · Resource balancing is the main factor in the Financial Relations Law. A balance of resources determines that all the property accumulated during the marriage period will be considered as a joint property between the two spouses, even if it is registered only in the name of one of them. · The legislator views a woman as equal to a husband even when she does not work outside the home. Taking the burden of the home on the woman's shoulders frees the husband and allows him to study or invest many hours of work and develop a prosperous career, so it is natural for a woman to be considered a full partner in assets accumulated during the years of marriage, professional reputation and career assets.

• The Financial Relations Law does not apply to property accumulated prior to marriage, although in recent years the legal system has tended to rule that property acquired by one of the parties prior to marriage will be considered a joint property after long marriage. · A balance of resources arrangement is an arrangement that can be made only with the grant of a get. However, the court may order the implementation of the balance of resources arrangement even before the expiration of the marriage. The conditions for implementing a balance of resources arrangement before the divorce are granted are: between the parties there is a substantial rupture; the spouses live separately for at least nine months, a year that has elapsed since the day opened – a process that expresses the wish of one of the parties to dissolve the relationship; A claim for the dissolution of land sharing) · A financial agreement is the only and exclusive way to divide the communal property between the spouses in a way that is different from the way the Financial Relations Law provides.

What assets are included in the distribution of property?

1. Real assets: money, apartments, vehicles, apartment contents, art objects, debts and loans. 2. Spiritual assets: reputation and career assets, earning capacity, earning potential. 3. Deferred assets (only for the period in which the spouses have cohabitation): pension, funds, options, social benefits, severance pay and dismissal.

Assets not included in the distribution of property

1. Assets accumulated by each party during the two years of marriage 2. Assets received as gifts or inherited during the marriage period 3. Benefits for bodily injury or death 4. Assets agreed upon in writing that are not equal: Common condition for most marriages Chapter 2: 5. The "unequal" balance – In 2009, the legislator decided that in certain cases the distribution of the shared resources in an egalitarian manner could lead to severe distortion, injustice, etc. Furthermore, the court was given special powers to establish unequal balances, (Options, anticipation of a close inheritance, etc.). 6. The court is authorized to rule that a certain asset is not balanced.

In conclusion, it is very important to manage the distribution of property and balance of resources in a professional and controlled manner with the assistance of an expert divorce attorney who will act with determination, while mobilizing all the resources to realize and realize all your rights for the future and future of your loved ones. And long-term experience.

We will be happy to be at your service at any time.