Friday, 13 January 2017

Who Controls The Money In Marriage

Married couples can manage their money according to their will as there are no laws or restrictions on how money should be managed in a marriage. A married couple can do anything with their money as long as they do not break any laws. In very rare cases will the law interfere with a couple’s use of their own money.

No support requirement

When one spouse makes more money than the other in a marriage, the law does not oblige he/she to contribute any money to their spouse.

No reporting requirement

Law does not oblige spouses to report their income to their partners. One may choose to hide assets from their partner, and this is a common practice among many married couples.

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