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Difference between revisions of "Basic Principles of Property and Debt in Family Law"
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Basic Principles of Property and Debt in Family Law (view source)
Revision as of 19:36, 18 July 2019
, 19:36, 18 July 2019→The presumption of equal sharing
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===The presumption of equal sharing=== | ===The presumption of equal sharing=== | ||
Under this old law, when a marriage broke down, each spouse was presumed to have a one-half interest in all assets that qualified as ''family assets''. Section 56 of the ''Family Relations Act'' said that: | |||
<blockquote><tt>(1) Subject to this Part and Part 6, each spouse is entitled to an interest in each family asset ...</tt></blockquote> | <blockquote><tt>(1) Subject to this Part and Part 6, each spouse is entitled to an interest in each family asset ...</tt></blockquote> | ||