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Difference between revisions of "Property and Debt in Family Law Matters"
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Property and Debt in Family Law Matters (view source)
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| link = [http://www.clicklaw.bc.ca/resource/1639 How to divide property and debts] | | link = [http://www.clicklaw.bc.ca/resource/1639 How to divide property and debts] | ||
}} | }}This chapter focuses on the division of property and debt between married spouses and unmarried spouses. | ||
This chapter focuses on the division of property and debt between married spouses and unmarried spouses. | |||
Under the provincial ''[[Family Law Act]]'', spouses are presumed to keep what each of them brought into their relationship and to share in the things they acquired during their relationship. The same rules apply about debt: spouses are presumed to share responsibility for the debts that accumulated during their relationship. | Under the provincial ''[[Family Law Act]]'', spouses are presumed to keep what each of them brought into their relationship and to share in the things they acquired during their relationship. The same rules apply about debt: spouses are presumed to share responsibility for the debts that accumulated during their relationship. | ||
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This introductory section provides basic information about property and debt. It also looks at the rules about property that apply to couples who are not spouses, and reviews some of the income tax issues that can come up when dividing property. | This introductory section provides basic information about property and debt. It also looks at the rules about property that apply to couples who are not spouses, and reviews some of the income tax issues that can come up when dividing property. | ||
The sections that follow will go into the rules about the division of property and debt in a lot more detail. | The sections that follow will go into the rules about the [[Basic Principles of Property & Debt in Family Law|division of property and debt in a lot more detail]], steps that you can take to [[Protecting Property & Debt in Family Law Matters|protect family property]], and how [[Dividing Property & Debt in Family Law Matters|property and debt are divided]] by the court through court orders and by spouses through separation agreements. | ||
==Dividing property and debt under the ''Family Law Act''== | ==Dividing property and debt under the ''Family Law Act''== | ||
