Everything about Property Settlement totally explained
Division of property, also known as
equitable distribution, is a judicial division of property rights and obligations between spouses during
divorce. It may be done by agreement, through a
property settlement, or by judicial decree.
In England & Wales, the recent case of
Miller v Miller gave the wife a considerable proportion of the husband's recent gains resulting from dealings in the City (short marriage).
Pagliowska v Pagliowski refers to runaway costs.
Equitable distribution is
not the same as equal distribution. For example, in a family with a stay-at-home mother, the father's share may be less than 50 percent as compensation to the mother for having to return to the work force at a lower wage scale.
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