Non Financial Contributions
In a property settlement, the court will assess the contributions made to the relationship. One of these contributions is the non-financial contribution. Non-financial contributions are contributions made which have resulted in the increase of size in the net asset pool.
For example Bob and Jane purchase a house. Bob renovates the front of the house but is not paid for it as it is his house. Bob and Jane split and they need a property settlement. Because Bob’s contribution
was not a financial contribution but it increased the value of the property and ultimately the net asset pool it is considered a non financial contribution.
To assess the worth of the non-financial contribution the court will look at:
- The value that the contribution has added to the net asset pool and/or
- The cost of hiring someone to complete the same task.
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