Articles
Relationship Property and Trusts
by Gerald Nation
October 2010
The thinking behind the Property (Relationships) Act 1976 ("the Act") is that marriages and de facto relationships of more than three years are a partnership. Partners in the normal course of events contribute equally, often in different ways. Economic contributions are not to be valued higher than non-financial contributions. As a result it is the policy of this legislation that the wealth accumulated in the relationship should be shared equally when the relationship ends, whether it be through separation or through the death of one of the partners.
Click here to read the full article