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Supreme Court: No automatic 50-50 matrimonial property sharing

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 The Supreme court ruled that each party should prove contribution to a marriage. [iStockphoto]

The Supreme Court has finally settled a contentious issue of whether spouses should automatically share the wealth generated equally or one should get a share based on the contribution to the marriage.

The court ruled on Friday that although the law guarantees equality in marriage and it is assumed that couples share everything, it does not mean that one will walk away with an equal half of the wealth generated.

Instead, the court found that each party should prove contribution to the marriage. This could be a monetary or non-monetary contribution or both.

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