There was a bit of a surprise this February, when a lady was denied her one-third share of a property after a divorce. This was after an appeals court ruled that the house did not constitute a matrimonial asset; an outcome that reversed the earlier High Court ruling on the same case. Here’s what happened:
Note: Special thanks to Ivan Cheong and Shaun Ho for the following, which draws excerpts from their full article. You can see their original article here.
What happened to the house at Third Avenue?
The Third Avenue property was the home of a couple in their 30s, which they moved into after their marriage in 2015. After about 33 months (September 2017), the couple got divorced.
The property was in the names of the husband, husband’s brother, and husband’s mother as joint tenants*. Nonetheless, it was the husband’s father who was actually paying for the property....