What are survivor percentages in the division of property orders (DOPOs)?
In the context of a DOPO (Division of Property Order), survivor percentages typically don't involve a direct payment or cost. Instead, they represent a legal mechanism for determining how jointly owned property or assets will be distributed in the event of one party's death.
Survivor percentages are often established as part of divorce settlements or legal agreements between parties who jointly own property. They specify the proportion of jointly owned property that each party would retain if the other were to pass away. This allocation is typically based on various factors, including the contributions of each party to the acquisition and maintenance of the property.
Survivor percentages are not usually associated with a specific payment or cost because they are more about delineating ownership rights and inheritance rights rather than financial transactions. However, they can have significant financial implications, as they determine how assets will be distributed in the event of a party's death.
It's important to note that survivor percentages can vary depending on the specific circumstances of each case.
