Property Settlement is the process of dividing assets and liabilities between parties, typically during a divorce or separation. This includes determining the value of properties, bank accounts, investments, and debts, ensuring a fair distribution based on each party's contributions and needs. The settlement can be reached through negotiation, mediation, or court intervention. Factors such as the length of the relationship, financial circumstances, and future needs of each party are considered. A well-structured Property Settlement helps prevent future disputes and provides clarity for both parties moving forward.