Hearst and Hearst & Ors

In *Hearst and Hearst & Ors*, heard before Coleman J, the dispute concerned the division of property between a husband and wife. The court was required to determine the appropriate distribution of the parties' equity in two properties, Lot 51 OE Property and A Property.

The central legal issue before the court was how to equitably divide the parties' interests in these assets, considering their respective contributions and future needs. The court's determination would establish the respective beneficial ownership of these properties between the husband and wife.

Coleman J ordered that the husband hold his equity in Lot 51 OE Property and A Property on trust for himself and the wife as tenants in common. The shares were determined to be 61 percent for the husband and 39 percent for the wife. The parties were granted leave to file minutes of order to implement these reasons for judgment, with liberty to apply on 48 hours notice after 29 November 2010. Costs were reserved.