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Difference between revisions of "Separation and Separation Agreements"
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Separation and Separation Agreements (view source)
Revision as of 21:42, 30 January 2019
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===Other property you own together=== | ===Other property you own together=== | ||
When a couple separates, each spouse has a right to a share in the property that accumulated during the relationship, as well as the increase in value of any property brought into the relationship. This is called '''family property''' under the ''[https://www.canlii.org/en/bc/laws/stat/sbc-2011-c-25/latest/sbc-2011-c-25.html#sec84_smooth Family Law Act]''. If you own other property besides your home (for example, a car, a cottage, or investments), a separation agreement can cover how to divide these assets too. See our information on dividing property and debts (no. 124) for more on this topic. | When a couple separates, each spouse has a right to a share in the property that accumulated during the relationship, as well as the increase in value of any property brought into the relationship. This is called '''family property''' under the ''[https://www.canlii.org/en/bc/laws/stat/sbc-2011-c-25/latest/sbc-2011-c-25.html#sec84_smooth Family Law Act]''. If you own other property besides your home (for example, a car, a cottage, or investments), a separation agreement can cover how to divide these assets too. See our information on [[Dividing Property and Debts (Script 124)|dividing property and debts (no. 124)]] for more on this topic. | ||
===Who is responsible for debts=== | ===Who is responsible for debts=== | ||
