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Difference between revisions of "Dividing Property and Debt in Family Law Matters"
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Dividing Property and Debt in Family Law Matters (view source)
Revision as of 17:31, 29 March 2013
, 17:31, 29 March 2013→Property and Debt outside British Columbia
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===Property and Debt outside British Columbia=== | ===Property and Debt outside British Columbia=== | ||
Division 6 of Part 5 of the ''Family Law Act'' has a complicated test that the court must apply to | |||
(1) If the Supreme Court has authority under this Division to make an order respecting extraprovincial property, the Supreme Court may make an order respecting the ownership and division of the extraprovincial property. | |||
(2) For the purposes of dividing extraprovincial property, the Supreme Court, on application by a spouse, may make an order to do one or more of the following: | |||
(a) instead of dividing the extraprovincial property, | |||
(i) require property or family debt within British Columbia to be substituted for rights in the extraprovincial property, or | |||
(ii) require a spouse who has legal title to the extraprovincial property to pay compensation to the other spouse; | |||
(b) if the court is satisfied that it would be enforceable against a spouse in the jurisdiction in which the extraprovincial property is located, | |||
(i) preserve the extraprovincial property, | |||
(ii) provide for the possession of the extraprovincial property, | |||
(iii) require a spouse who has legal title to the extraprovincial property to transfer all or part of the spouse's interest in the extraprovincial property to the other spouse, or | |||
(iv) provide for any other matter in connection with the extraprovincial property; | |||
(c) if the court is satisfied that it would be enforceable in the jurisdiction in which the extraprovincial property is located, provide for non-monetary relief. | |||
==Separation Agreements for the Division of Property and Debt== | ==Separation Agreements for the Division of Property and Debt== | ||
