Tuesday, July 17, 2007

How are properties distributed?

Financial contributions made by spouses and the properties that they acquire during their marriage are known as matrimonial properties. The marriage of two persons means not only the union of two persons but also the collective ownership of whatever things that they purchase during their time as husband and wife. The common needs of the spouses lead to the acquisition of properties like the family house, cars, and joint accounts in the banks.

A marriage break-up gives rise to the issue of how these properties should be apportioned between the parties. The needs of the children once again come into picture. The Court will act in accordance to the needs of the children.

No comments: