Fair and Equitable Property Division in Oakville, ON
One of the most basic questions in any divorce is “who gets what?”
The property division lawyers at Carpenter Law can help guide you through this contentious issue.
There may be assets you are unwilling to part with, like:
- Real estate and other property
- Business ownership or interests
- Furniture and appliances
- Tools and equipment
- Sentimental objects and keepsakes
- Life insurance policies
- Bank accounts and/or savings
- RRSPs and other investments
You tell us what is important to you, and we will ensure your interests are protected and represented.
What does the law say about divorce property division?
In accordance with family law, you and your spouse entered into your marriage as an equal partnership:
If you were responsible for:
- Earning family income
And your spouse was responsible for:
- Taking care of the children
- Managing the household
The law views both your contributions as equal. One did not “do more” than the other during the marriage.
Once a marriage ends, the equal partnership ends as well and any property must be divided.
Property settlement and management
Divorce property division is usually calculated as follows:
- Value of property you both acquired during marriage and still have at the time of divorce must be divided equally among spouses
- Property you brought into the marriage is yours to keep
- Increases in value of property you brought to the marriage must be shared with your spouse and is called equalization of net family property
Request a consultation
The first step towards resolving your legal dispute is to request a consultation with a property division lawyer at Carpenter Family Law.
We will get back to you in 24 hours and help you begin this tough process with sharp legal acumen, compassion and understanding.