Home and Property Division Lawyers in Vancouver
What happens to your assets? Protect your financial interests with thoughtful negotiation and a legal approach that’s customized to your exact needs. Acting proactively is essential to making sure assets are divided fairly.
Home and Property Division
When spouses separate, shared property and debts are typically divided equally. Not sure what’s considered family property and family debt?
Family property includes all property owned by a spouse at the time of separation, including any traceable properties acquired after separation, unless otherwise excluded under the Family Law Act. Common exclusions include property brought into the relationship by one spouse before cohabitation or marriage, gifts and inheritance.
Family debt includes all financial obligations incurred by a spouse during the relationship that exists at the time of separation, as well as debt incurred by a spouse after separation for the purpose of maintaining family property.
The law accommodates unequal division of family property and family debt in cases where it would be significantly unfair not to do so.