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Division of property: Being prepared in the event of divorce

There's an old adage that says nothing lasts forever. No British Columbia couple heading down the aisle thinks they will one day be facing divorce, which encompasses having to deal with issues such as the division of property. So, some experts are actually saying couples should plan for a breakup before their marriages actually break down. Failing to plan for unforeseen events could have even more devastating consequences. 

Division of property: Your vehicle or mine?

Yours, mine and ours. That's the way things work in British Columbia when it comes to the division of property in a divorce situation. Assets can include all types of things from motorcycles, vehicles, property and furry family members. A lot of contention is enmeshed with vehicles that both individuals in the relationship might use. To whom do they really belong?

New law to govern division of property of common law couples

Couples who have been living together without getting formally married have some considerations when they decide to separate. When it comes to the division of property, Alberta common law couples -- those who have been living together for three or more years or less than that if they have a child together -- will soon be  governed by laws under the Adult Interdependent Relationship Act (AIRA). The law comes into effect on Jan. 1, 2020.

Division of property inclusions, exclusions in British Columbia

Couples who are married or who are living together and decide to end their relationships have many issues to consider, and one is how to divide what they jointly own. When couples decide to divorce or to separate and they own property, they must discuss the division of property as part of a divorce settlement or separation agreement. In British Columbia the same rules apply to couples who are married and those who have been in a common law union for two or more years. 

Tips for resolving pet issues that dog parties during divorce

When people divorce, it is not uncommon to fight over matters like property division and child custody. There are specific laws in place to direct parties and courts on how to resolve these issues, but some matters do not fall neatly into one of these categories.

Parties to consider consulting during a complex divorce

When two people divorce or separate, they are ultimately the ones who will be most affected by the legal settlements they reach. That said, there are other parties who may participate in the process to help each side pursue the desired outcome. 

Understand your legal options. Make informed decisions. Contact the family law lawyers of Henderson Heinrichs LLP

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