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Difference between revisions of "Dividing Property and Debts"
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Dividing Property and Debts (view source)
Revision as of 06:15, 13 February 2019
, 06:15, 13 February 2019→There are exceptions to the equal division rule
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In considering whether an equal division would be significantly unfair, a court will look at factors such as: | In considering whether an equal division would be significantly unfair, a court will look at factors such as: | ||
the length of the spouses’ relationship | *the length of the spouses’ relationship | ||
*whether the debt was incurred in the normal course of the spouses’ relationship | *whether the debt was incurred in the normal course of the spouses’ relationship | ||
*if the amount of family debt exceeds the value of family property, the ability of each spouse to pay a share of the family debt | *if the amount of family debt exceeds the value of family property, the ability of each spouse to pay a share of the family debt | ||
*whether a spouse, after separation, caused a significant increase or decrease in the value of debt or property | *whether a spouse, after separation, caused a significant increase or decrease in the value of debt or property | ||
*whether a spouse may have to pay taxes as a result of a transfer of property | *whether a spouse may have to pay taxes as a result of a transfer of property | ||
==Common questions== | ==Common questions== | ||
