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Difference between revisions of "Introduction to Family Law in British Columbia"
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Introduction to Family Law in British Columbia (view source)
Revision as of 20:16, 24 July 2019
, 20:16, 24 July 2019→Dividing family property and family debt
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===Dividing family property and family debt=== | ===Dividing family property and family debt=== | ||
If spouses are married or have lived together with each other in a marriage-like relationship for more than two years, each spouse is usually each entitled to half of the ''family property'' when their relationships end. Family property | If spouses are married or have lived together with each other in a marriage-like relationship for more than two years, each spouse is usually each entitled to half of the ''family property'' when their relationships end. Family property is property acquired after living together or getting married, and during the time of the relationship, including: | ||
* | *real estate as well as personal property, | ||
*bank accounts, investments, RRSPs, and pensions, | *bank accounts, investments, RRSPs, and pensions, | ||
*the interest of a spouse in a company, business, or partnership, | *the interest of a spouse in a company, business, or partnership, | ||
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Each spouse is usually entitled to keep all of their ''excluded property''. Excluded property includes: | Each spouse is usually entitled to keep all of their ''excluded property''. Excluded property includes: | ||
*the property owned by a spouse on the date the spouses began to live together or the date they married, whichever is earlier, | *the property already owned by a spouse on the date the spouses began to live together or the date they married, whichever is earlier, | ||
*gifts or inheritances received by a spouse during the relationship, | *gifts or inheritances received by a spouse during the relationship, | ||
*certain kinds of court awards and insurance payments made to a spouse during the relationship, and | *certain kinds of court awards and insurance payments made to a spouse during the relationship, and | ||