ositukset

Ositukset is a Finnish term that translates to "division" or "partition" in English, most commonly referring to the division of assets and debts during a divorce or separation. This legal process determines how jointly owned property and liabilities are distributed between the separating parties. The goal is generally to achieve a fair and equitable settlement.

The division process typically involves identifying all marital assets and debts. These can include real estate, bank accounts, investments, vehicles, businesses, and personal property. Debts such as mortgages, loans, and credit card balances are also subject to division. In Finland, the default principle is that marital property acquired during the marriage is subject to division, with some exceptions for inherited or gifted property.

The division can be agreed upon amicably between the parties, often with the assistance of lawyers or mediators. If an agreement cannot be reached, the matter may be brought before a court, which will then make a legally binding decision. Courts consider various factors when determining the division, including the length of the marriage, the financial contributions of each party, and their respective needs. The process aims to ensure that both parties are left in a reasonably stable financial position following the separation.