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RELATIONSHIP PROPERTY AND TRUSTS |
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Wednesday, 03 November 2010 10:02 |

RELATIONSHIP PROPERTY AND TRUSTS
GERALD NATION, PARTNER (October 2010) INTRODUCTION 1.1 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.
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