Property Division
Barrie Property Division Lawyers
Marriage does not affect the freedom of the parties to purchase and retain property in their own name. Upon separation in essence the increase in one party’s net worth from date of marriage to date of separation is compared to the other party’s increase in net worth. The person with the greater increase in net worth must then equalize his or her net worth with that of the other party by making a payment to the other party representing one half of the difference between the increases in their respective net worths.
This process is called equalization.
This process includes consideration of many potentially complex issues.
It is vital that you secure independent legal advice from a competent family lawyer to fully understand your rights and obligations with respect to property division and equalization.
Contact us today for more information on how we can help with your property division issues.
