PROPERTY DIVISION

PROPERTY DIVISION

All marital assets obtained during the marriage can be considered for distribution in the province of Ontario. Often the equal distribution of assets will be considered the starting point for division of asset cases, the distribution can be adjusted on the specific interest and needs of each party involved.

When determining marital assets you need to first determine which assets will be considered marital assets which will not be. Gifts to a specific party are often not considered to be marital asset. Assets acquired prior to getting married will be considered separate from marital assets.

Marital assets don’t always relate to property, marital assets can be a business that was established during marriage, dividing of business assets can be complex even in cases when one party is part owner in name only.

Aside from assets debt accumulated during the marriage will also need to split between both spouses.

• Marital assets that will be distributed during divorce include
• Property
• Pension plans
• Stock investments
• Business interest
• Crypto currencies
• Business interest
• Debts and Liabilities: Tuition fees / Mortgages / Credit Cards and more
  Investments: Bonds / Trust / Gold
• And more

Full disclosure of assets is required in a divorce. The more assets involved in the divorce case the more complex the divorce will be.

Paritzky Family Law is experienced in all areas of family law and help negotiate fair settlements in all asset division cases including high net worth and complex cases.

If you are dealing a divorce and need help with the division of assets, contact Paritzky Family Law today.