Equitable settlement after 42 year marriage
My wife has decided that we should separate after a long marriage.
At the beginning I was the sole/main provider but for the last 15 years she has been earning more than me.
We have two properties, one on my name which I paid for, the other on her name which we both contributed to worth quite a bit more than the one on my name.
How difficult is it to calculate a fair settlement?
Kind regards
Category: Marriage and Divorce, Types of Marriages
Region: South Africa, Gauteng
1 Answer
Thank you.
You did not, unfortunately, indicate the type of marital regime that is applicable to your marriage. However, irrespective of the applicable regime, you and your wife can enter into a settlement agreement regarding how the properties will be shared. So, you can either apply the matrimonial property regime that is applicable to your marriage or to draw up a settlement agreement between you and your wife. If the settlement agreement was decided upon by both of you, then ensure that it is made an order of the court.