Property Division
Property Division Lawyer
Are you looking for a family lawyer with in-depth knowledge of matrimonial and common law property division laws in Ontario? Reach out to Alves Law for clear insights into how these laws apply to your divorce or common law separation. Benefit from our extensive legal experience during this important time of your life.
Legal Representation For Property Division
Many different types of property are subject to equalization. Getting proper legal advice can make the difference between keeping or losing your assets.
Division of Property
Property division during a divorce or separation aims to equitably distribute assets accumulated during a marriage or common law relationship. This process ensures that both parties leave the relationship with a fair share, reflecting contributions made during the partnership. Alves Law focuses on achieving a balanced and just division, considering all aspects of your case.
What Assets Are Involved in Property Division?
In property division, various assets are subject to consideration. This includes the matrimonial home and other real estate, pensions, RRSP’s, investments, complex assets like businesses, life insurance, lines of credit, mortgages, credit cards, cars and more. We examine the nature and origin of each asset, whether it’s property acquired during the relationship or excluded property pre-dating the partnership to ensure a comprehensive, yet fair division.
Property Division During Divorce
Divorce necessitates a careful and equitable division of marital property, a process governed by the principles of the Family Law Act in Ontario. Our approach in these situations involves a thorough analysis of the couple’s net family property, with the goal of achieving an equal division that reflects each party’s contributions throughout the marriage. This includes a detailed consideration of all assets, whether acquired during or prior to the marriage, and an assessment of their values as of the valuation date.
Under the Family Law Act, certain exclusions, such as property owned before the marriage, inheritances, or gifts, may be considered. Our experience ensures that the division respects both the legal framework and the unique circumstances of your case, aiming for a fair resolution.
How Do You Divide Common Law Property?
Dividing property among common law spouses presents unique challenges, as the law does not afford them the same property rights as married spouses.
At Alves Law, we know how to navigate these complex scenarios while upholding the principles of fairness and equity. We consider the length of the common law relationship, the nature of assets involved, and contributions made by each party to determine a just division.
Legal Support for Property Division
In certain situations, spouses may mutually agree on asset division as part of a separation agreement. However, some cases escalate into contentious legal battles, where a court ultimately decides the division of assets.
The lawyers at Alves Law are at navigating court and out of court processes to assertively represent your property division rights t. Alves Law is committed to ensuring you receive a fair share of the assets accumulated during your marriage.
Protect what is yours. Contact us today and schedule a consultation.