[Success Case] Protecting the Family Home: Securing a 60% Contribution and Reflecting Market Dips in Post-Divorce Asset Division

Divorce marks the end of a relationship, but the legal battle over assets can often linger. Today, we share a heartwarming success case where Law Firm Hoam protected a mother’s home and her two children’s future by securing a 60% contribution rate and reflecting the lower current market value of their apartment.

After 20 years of marriage, the client finalized a mutual divorce and was raising her two children alone. At the time of divorce, she agreed to a meager child support amount of 1 million KRW per month under pressure.

However, her ex-husband suddenly filed for a 'Trial for Division of Assets,' claiming 50% ownership of the apartment held in the client's name. Crucially, he demanded half of the apartment's value based on the high market price at the time of the divorce, ignoring the fact that real estate prices had significantly dropped since then.

To protect our client’s only home, Law Firm Hoam focused on two main pillars:

• Proving Higher Contribution: We meticulously traced the funds used to purchase the apartment and demonstrated the client's role in debt repayment and household management over two decades. We argued that her contribution far exceeded the standard 50/50 split.
• Reflecting Post-Divorce Reality: We highlighted that the client was raising two children alone with insufficient child support. We argued that forcing her to pay out half of the "old, high price" would render her and her children homeless.
• Advocating for Current Market Value: While the law typically sets the divorce date as the benchmark, we provided the court with detailed market data showing the significant price drop, arguing that using the old price was profoundly unfair in the current economic climate.

The court accepted Hoam’s nuanced arguments. The judge ruled that the client’s contribution was 60%, and most importantly, the asset division would be calculated based on the lower current market value.

As a result, the amount the client had to pay her ex-husband was drastically reduced. She successfully protected her only apartment, ensuring a stable environment for her children.

In many divorce cases, especially those involving a long marriage and career gaps for childcare, clients worry about being disadvantaged. However, your contribution to the home and the reality of raising children are vital legal factors.

At Law Firm Hoam, we don't just calculate numbers; we tell your story. We ensure the court understands the human reality behind the assets. If you are facing a post-divorce dispute over your home, partner with experts who will fight for your future and your family.

Law Firm Hoam | Specialized in Divorce, Asset Division & Child Support Disputes