common and separate matrimonial properties
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- What do common and separate matrimonial properties include?
- 13:49, 11/07/2024
- In the context of marriage, spouses often do not concern themselves with delineating whether assets belong jointly or individually. To them, once they are living under the same roof, all assets are considered joint property. Alternatively, they may assume that wealth created by one belongs solely to that individual. It is only when they divorce and divide assets that they realize everything does not align with their assumptions; for instance, income earned by the husband is regarded as joint property and is subject to equal division with the wife.
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