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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)
Revision as of 23:25, 20 March 2013
, 23:25, 20 March 2013→Jointly-Owned Assets
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<blockquote><tt>(2) Subsection (1) applies whether the estate is legal or equitable or equitable only. | <blockquote><tt>(2) Subsection (1) applies whether the estate is legal or equitable or equitable only. | ||
This act allows a co-owner, including someone with only an equitable interest in the property, potentially including an interest under the law of trusts as discussed below, to apply for an order that the property be sold and the proceeds of the sale divided.</tt></blockquote> | This act allows a co-owner, including someone with only an equitable interest in the property, potentially including an interest under the law of trusts as discussed below, to apply for an order that the property be sold and the proceeds of the sale divided.</tt></blockquote> | ||
In other words, if you jointly own real property with your partner, you can apply to court for an order that the property be sold and the proceeds of the sale be split between you. | |||
===Individually-Owned Assets=== | ===Individually-Owned Assets=== | ||