For family law purposes, the term "property" encompasses a broad range of assets that may not typically be referred to as such in everyday conversation. Assets such as bank accounts, savings, stock options, trailers, pensions, businesses, and vehicles all fall within the definition of "property."
In Ontario's Family Law, married spouses are entitled to have their "net family property" equalized. In other words, this means that each spouse should leave the marriage with an equal share of the assets accumulated during their time together. It is imperative that when dealing with family law, one must thoroughly understand the rights and responsibilities regarding the assets and debts acquired throughout the marriage before reaching a settlement or agreement.
How is dividing property determined?
To determine how property should be divided between spouses, regardless of choosing an alternative dispute or court, each party must complete, and exchange sworn Financial statements. This financial disclosure enables your lawyer to offer proper guidance regarding your rights and obligations.
Our law firm has experience dealing with both simple and complex property matters. We are dedicated to resolving disputes promptly and finding mutually beneficial solutions for both parties to move forward.
We are here to help
Our law firm has extensive experience dealing with both simple and complex property matters. We are dedicated to resolving disputes promptly and finding mutually beneficial solutions for both parties to move forward. If you need legal assistance, do not hesitate to contact us at
905-215-1905 to book a consultation.