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.