Matrimonial Property Law

Matrimonial Property Law governs how assets and property are divided between spouses during marriage or upon divorce. Typically, it defines what property is considered jointly owned (matrimonial or marital property) versus separately owned. Laws vary by jurisdiction, but generally, assets acquired during the marriage are shared, while pre-existing property remains individual unless jointly reassigned. The goal is to ensure fair and equitable distribution, considering factors like contributions and needs. This legal framework helps settle disputes and provides clarity on ownership rights during separation or divorce.