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.
Dividing property can be the most complex and contentious part of a divorce. Not only is there money and property on the line, but the resulting agreement can have a tremendous impact on a person's financial stability after a 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.
Take a minute and think about all the things you own. You probably start thinking about homes and cars you have, but also think about everything in your home, your garage and any storage facilities you might have. These items can be personal property subject to division in a divorce.
When you end your marriage or common-law partnership, dividing your property can be one of the most contentious elements of the split. Property can represent both a financial and emotional investment, and parties typically want to protect those investments.
Canadian Pension Plan contributions may be equally divided between spouses who have decided to divorce or separate. Both spouses did not need to contribute to the program -if only one spouse made payments, the other party may still claim a share.
Many couples that own pets say they develop a relationship with them akin to raising children. There is an emotional bond and a level of care and affection provided to pets that is not given to other types of property. However, there is currently no legislation that dictates pets should be shared between divorcing spouses. Pets are treated like property, and essentially remain with the person who obtained or brought the pet into the relationship.