Quote:
Originally Posted by loster
Hi,
Would like to check under woman's charter, how much of the house is the wife entitled to? Is it 50%? Can she ask for more? And how is the 50% defined? Is it 50% of the cash proceed or 50% of the selling price?
|
It's not the house, it's a share of the matrimonial assets. That means everything bought during the marriage and any asset bought before the marriage that was used or improved upon by either spouse. As for the share it's not 50% so simple. The court will see the contribution of the wife to the marriage and also to the specific asset. So for example the house you live in is the only matrimonial asset (unlikely in real life considering shares, insurance, bank accounts ), she contributed 40% of the purchase price and was also looking after the kids full time, minimum also is 40% but sure will have add on because of her non monetary contributions to the marriage.