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Mum’s $500,000 gift to help couple buy home must be equally split in divorce
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Money is viewed as a gift for both spouses and not something that can be grabbed back by one of the spouses when things go sideeways.
PHOTO: ZB FILE
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When parents help a son or daughter pay for their matrimonial homes, the money is viewed as a gift to both spouses and not something that can be grabbed back by one of them when things go sideways.
The law views marriage as an equal partnership, so any benefits that go to the couple will be shared by them. That means parents cannot play favourites when a child’s marriage breaks down.
