Is a house owned before marriage marital property Australia?
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Is a house owned before marriage marital property Australia?
Property (that is, assets and liabilities) belonging to a party before the relationship is still that party’s afterwards. There is no law that it must be automatically transferred into joint (both) names. The same applies to property acquired in only one party’s sole name after the relationship has ended.
Who gets to stay in the house during separation Australia?
There is no presumption that the wife or the husband has to leave the house. One party cannot force the other to leave, and a person is not required to leave the house just because the other wishes it. Under the law, you cannot kick each other out.
What happens to property owned before marriage Australia?
A pre-marital asset will be considered to be a contribution of the person who bought that asset into the marriage. There is a principle in law known as the erosion principle, which means that over time the value of the initial contribution reduces and the contribution of the other person increases.
