Toronto Divorce Lawyer - Property Division Following

Basically, property is divided equally between two people who have cohabited over the course of their relationship. The process includes taking the following into consideration:

• Assessing the value of property
• Determining what may be included such as property acquired through an inheritance.
• Totaling assets and debts
• Subtracting the total debt from the total value of the property.
• Calculating the “net family property”
• Equalizing the property between the partners or spouses

Property division is not provided for under the Divorce Act (Canada). When you start divorce proceedings you will have to add property division to the process. Luckily, this is easy to do.

Contact your local Toronto divorce lawyer for more information.

This entry was posted on Wednesday, November 14th, 2007 at 10:36 pm and is filed under Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.