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Know how property value is determined and how property is divided

In our prior blog post, we discussed how the marital home is one of the biggest considerations when a couple is going through a divorce. There are many different considerations that the couple has to consider when they are dividing up their assets and debts. These include the value of the assets and the cost of the debts. It can also include how the value of assets changed from the date of the marriage to the date of the separation.

We know that you might have some questions about how property is divided when you are divorcing. This is usually the case if there are assets in question that were owned by one of the spouses prior to the marriage that both spouses helped to maintain during the marriage. We can help you to learn what Ontario law says about how all of the assets in question will be divided.

As is the case with many areas of the law, there are some exceptions to the thought that all property acquired during the marriage is divided equally. Some property, such as inheritances or gifts, might be exempt from the normal property division.

In some property division cases, there are issues that come up over the value of assets. This can make the process even harder than what it already is without the disagreements. We can help you to work through these situations so that you can get the process moving forward and be done with it as quickly as possible. We put your interests at the forefront of the process.

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