The duplication of marital property is not an easy task, especially when it comes to emotional ties, not to mention the fact that the question of who actually belongs is not always clear. Before signing a real estate transaction agreement, it is important to understand your marital property rights. For more information, please see the additional resources below. When a couple divorces, they often go through the process of sharing assets (furniture, cars, frequent flyer miles) and debts (mortgages, credit cards, etc.). The form below is a sample of what a real estate transaction contract between outgoing spouses can be. A fair distribution is not the same as equal distribution. For example, following the dissolution of a marriage in which the woman served as a stay-at-home mother for a significant part of the marriage, a court may grant the woman a share of more than 50% of the wealth distributed ahead of her likely need to return to the labour market at a lower wage than she could have ordered if she had spent her time working outside the home instead of to work in the house. The distribution of property is the division of property that belonged to the deceased or was acquired during the marriage, due to a death or dissolution of a marriage. Another form of real estate distribution during divorce is called Community Property Distribution. In England and Wales, partners in or out of wedlock can agree on how to distribute the common assets and several, without the intervention of the courts.
[1] If there is no agreement, the courts may be asked to establish a fair and equitable division. The Miller v. Miller case gave the woman a considerable share of the man`s recent gains that resulted from business in the city, although the marriage was short-lived. The division of ownership, also known as equitable distribution, is a jurisdictional division of property rights and obligations between spouses during divorce. This can be done by agreement, by ownership count or by court order.
