Hello all,
Can any one tell me, as per the new property sharing rules, that have been proposed that wife will get 50% of property bought during marital harmony in event of divorce.
1. What happens when a property is bought in Company Name in the duration of marriage ?? (Wife not Director or Shareholder)
2. What happens if property bought during the marriage is in Trust/Society name ?? (Wife not Trustee or Founder Member)
3. What happens to property Inherited from parents ??
Will they also be included in 50% sharing or will it be exempted ??
Please advise.
Thanks & regards.