Relationship Property Lawyers

A specialisation of Family Law practice area

What is Relationship Property?

Relationship Property is a legal area in New Zealand that deals with the property and assets people share when they are in a relationship. This includes things like houses, cars, and bank accounts. It is important to understand how these assets are divided if a relationship ends.

How Does It Work?

In New Zealand, the law says that when a couple separates, they need to divide their shared property fairly. This is usually done under the Property (Relationships) Act 1976. For example, if a couple buys a house together, both partners have a right to a share of that house, even if only one person’s name is on the title.

Examples of Relationship Property

• Family Home: If a couple buys a house together, it is considered relationship property, and both partners have rights to it.
• Bank Accounts: Money saved in joint bank accounts is also shared property.
• Vehicles: Cars or other vehicles bought during the relationship are included in the property division.

Why is it Important?

Understanding Relationship Property is crucial for several reasons:

• Fairness: It helps ensure that both partners are treated fairly when a relationship ends.
• Clarity: Knowing the rules can prevent disputes and confusion about who gets what.
• Protection: It protects the rights of both partners, especially if one partner has contributed more financially.

In New Zealand, many people live together or enter into relationships without getting married. The Relationship Property laws help these couples understand their rights and responsibilities, making it easier to navigate the end of a relationship if it happens.

Conclusion

Relationship Property is an important part of New Zealand law that helps couples manage their shared assets. By knowing how the law works, people can make informed decisions and protect their interests in a fair way.