Division of Property and Assets

Most assets of married people are presumed divided equally, but there are many exceptions to this general rule. Property for division includes: real estate, pensions, RRSPs, businesses, vehicles, investments, and other assets. Property claims between married people are governed by the Family Relations Act. Claims to property between unmarried partners are usually dealt with using the principles of Unjust Enrichment.

It is important that an Agreement be created properly. An unfair agreement dividing property can be varied by the Court and an agreement can be set aside entirely if it was made in circumstances which would invalidate any contract.

Contact Michael Eeles for more information.

Located in: Family Law