Toronto Property Division Lawyers

When a married couple decides to divorce or separate, each spouse is entitled to an equal share of the net family property. Family property, with few exceptions, is considered to be all property acquired by either spouse during the course of the marriage, and still existing at the date of separation. It is important to note that the division is based on the total value of the family property at the time of separation or divorce.

Family property encompasses a broad range of assets including, among other things, privately held businesses, pension accounts, stocks and stock options. Determining an accurate value and how the value has changed during the course of the marriage is essential to obtaining a fair division. These matters can be quite complex. Be sure that you have a reliable Toronto property division lawyer representing you from the start.

Seeking A Fair Property Settlement For Every Client

At Nathens, Siegel LLP, we diligently pursue every possible option in an effort to secure the best possible outcome for our clients. From determining an accurate value for each asset, to resolving disputes over the date of marriage deductions or excluded property brought in subsequent to the marriage date, we work hard to obtain an order that provides the greatest benefit both to you and your children.

The Equalization Payment In Canadian Property Division Proceedings

The equalization payment is used to ensure that each spouse receives an equal share of the net family property. Once all of the assets have been disclosed, the total net family property is calculated for each spouse. The spouse with the higher total value will be required to pay the other spouse half of the value of the difference.

Discuss Your Case With Our Asset Division Lawyers In Mississauga And Toronto

Contact our office to discuss your property division questions with one of our Ontario lawyers. Our initial consultations are offered at a reduced rate. You can reach us by phone at 888-353-1817 or via email to get started.