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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 19:54, 18 July 2019
, 19:54, 18 July 2019→Defining "family assets"
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<blockquote><blockquote><tt>(e) a right, share or an interest of a spouse in a venture to which money or money's worth was, directly or indirectly, contributed by or on behalf of the other spouse.</tt></blockquote></blockquote> | <blockquote><blockquote><tt>(e) a right, share or an interest of a spouse in a venture to which money or money's worth was, directly or indirectly, contributed by or on behalf of the other spouse.</tt></blockquote></blockquote> | ||
If an asset did not fall into these categories, it may not have been something that the spouses were both entitled to share. The basic rule of thumb was this: an asset was a family asset if it was ordinarily used or was intended to be ordinarily used for a family purpose. | If an asset did not fall into these categories, it may not have been something that the spouses were both entitled to share. The basic rule of thumb under the old law was this: an asset was a family asset if it was ordinarily used or was intended to be ordinarily used for a family purpose. | ||
==Cohabitation agreements and marriage agreements== | ==Cohabitation agreements and marriage agreements== | ||