Married? Why you should own property via joint firm with your spouse

An LLP is not subjected to corporate or company tax. [iStockphoto]

The plan by a man codenamed MKG in court documents was to sell his posh Sh70 million home in Loresho, Nairobi and share 60 per cent of the proceeds with his wife and children.

He was to use the remaining 40 per cent to buy a new home. However, his wife, codenamed EG would hear none of it. In fact, she went ahead and placed a caveat on the property to ensure the husband does not sell it.