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Property Division in a Revoked Legal Separation

Sebastian
26.06.2023 23:54:47

589

Scenario: A couple is getting a legal seperation and as part of the marriage settlement agreement, one party keeps the house and pays the other party out their equity in cash.
Question: If the separation is revoked, and the marriage is maintained, what happens to the Marriage Settlement Agreement if the party that got paid out their equity in cash no longer has that cash? As if the couple reconciles and ends the separation, their assets are shared again. So, the party is half owner of the house again and the other party is basically out the equity they paid out?

Replies (1)

Oscar from amicable
24.07.2023 13:40:50

Hi Sebastian,

Thank you for getting in touch with amicable.

We’re not sure what you mean by a ‘marriage settlement agreement’, as this is not a recognised legal term. There are a few things you might be referring to.

Please book a free 15-minute consultation with one of our Divorce Specialists so they can understand your situation and provide more information.

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