KITCHENER FAMILY LAW LAWYERS WITH OVER 40 YEARS OF FIRM EXPERIENCE ASSISTING CLIENTS WITH PROPERTY DIVISION AS PART OF A SEPARATION AND DIVORCE
Married couples in Ontario are subject to Part I of the Family Law Act, which deals with the division of property. In most cases, the total value of family property from the date of marriage to the date of separation is equally divided upon separation. Subject to certain exceptions, the spouses equally share any financial growth during the marriage. Upon separation, the court completes a calculation for each spouse to determine the growth in the value of each spouse’s assets during the marriage, referred to as a “net family property”. One party then makes a payment to the other referred to as “an equalization payment”. Our team of highly skilled Kitchener family law lawyers will help you determine how to calculate the total net family property and assist you with determining the equalization payment.
Does property division apply to cohabitating couples who are not married?
The Family Law Act does not apply to cohabitating couples who are not married, where property is generally divided upon separation by ownership. However, where one party has contributed financially or otherwise to property owned by the other, the contributing party may be able to seek compensation or an interest based upon equitable principles. This type of claim is based on unjust enrichment. If you are in a common-law relationship and believe that property division should apply to your separation, you should contact an experienced family law lawyer at our firm to review your situation.
For over 40 years, clients have trusted in our ability to explain their rights and obligations in a separation or a divorce. We are confident that you will appreciate our professional and personalized service. We invite you to browse our website and read the positive things others have to say about us. To benefit from our knowledge and experience with respect to property division as part of your separation or divorce, please contact 519-884-0034 or send us an email.
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