Division of property
From Wikipedia, the free encyclopedia
Division of property, also known as equitable distribution, is a judicial division of property rights and obligations between spouses during divorce. It may be done by agreement, through a property settlement, or by judicial decree.
In England & Wales, the recent case of Miller v Miller gave the wife a considerable proportion of the husband's recent gains resulting from dealings in the City (short marriage). Pagliowska v Pagliowski refers to runaway costs.
Equitable distribution is not the same as equal distribution. For example, in a family with a stay-at-home mother, the father's share may be less than 50 percent as compensation to the mother for having to return to the work force at a lower wage scale.
 |
This law-related article is a stub. You can help Wikipedia by expanding it. |
