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Difference between revisions of "How Do I Get Out of Sharing My Assets?"
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How Do I Get Out of Sharing My Assets? (view source)
Revision as of 16:12, 23 July 2019
, 16:12, 23 July 2019→Married spouses and unmarried spouses
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If you don't want to spend the money getting an agreement drawn up, here are some other things that can help: | If you don't want to spend the money getting an agreement drawn up, here are some other things that can help: | ||
*When you begin to live together, take copies of the statements from all of your bank, investment, retirement, credit and loan accounts, copies of your BC Assessments for all real property | *When you begin to live together, take copies of the statements from all of your bank, investment, retirement, credit, and loan accounts, copies of your BC Assessments for all real property and staple them together and put them in a safety deposit box. This <span class="noglossary">will</span> help you to establish the value of the property you brought into the relationship. | ||
*During your relationship, keep a careful record of what you buy with the property you brought into the relationship. | *During your relationship, keep a careful record of what you buy with the property you brought into the relationship. | ||
*During your relationship, keep records of the dates and values of any inheritances, gifts, insurance proceeds or court | *During your relationship, keep records of the dates and values of any inheritances, gifts, insurance proceeds, or court awards that you receive. | ||
*If you received a gift during the relationship, keep documents evidencing the intention of the donor (i.e. a letter, note or electronic communication from the donor stating that the funds were a gift only to this particular person/spouse and not a gift to the couple, especially if the funds are subsequently used to purchase family property) | *If you received a gift during the relationship, keep documents evidencing the intention of the donor (i.e. a letter, note, or electronic communication from the donor stating that the funds were a gift only to this particular person/spouse and not a gift to the couple, especially if the funds are subsequently used to purchase family property). | ||
*Keep an eye on the debts your spouse incurs during the relationship. | *Keep an eye on the debts your spouse incurs during the relationship. | ||
You can find out more about how married spouses and unmarried spouses divide property in the chapter [[Property & Debt in Family Law Matters]]. | You can find out more about how married spouses and unmarried spouses divide property and debt in the chapter [[Property & Debt in Family Law Matters]]. | ||