Calgary Lawyers For Division Of Property

Separation does not just mean emotionally separating from your partner; it also means separating your finances and physical possessions.

While it may seem that separating possessions should not be as difficult as separating lives, it can be emotionally wrenching and devastating to split what you have worked for together. Dividing property can also cause anxiety and resentment, which can quickly escalate into hostility and a legal dispute.

Calgary Family Law Associates can help you get through this with as little hostility as possible. We will help you fairly and practically decide how to divide your assets, including the home you live in (known as the matrimonial home or marital home), vehicles, personal possessions, bank accounts, RRSPs, employment pensions, business interests and any other property you own.

Working Together To Become Separate

The lawyers in our association will help you inventory your debts and assets and reach an agreement on who gets what, in a fair and reasonable way. We will:

  • Explain the difference between division of property for married and common law couples
  • Help you define the value of assets, by using outside valuators if necessary, especially for high-value or complex assets such as business interests, vacation homes and rental property
  • Identify property exempt from division, such as gifts from third parties, inheritances and property owned before the relationship began
  • Help if there is disagreement about when the relationship began or ended, which may happen in long-term common law, or relationships in which there has been a past separation and reconciliation
  • Determine what to do with your loans and other debts
  • Discuss property that some couples do not realize is included in marital assets, such as whole life or cash value insurance, savings plans, pensions, stock options, Canada Pension Plan credits and family trusts
  • Discuss the relationship between property division and spousal support
  • Discuss possession of the matrimonial home
  • Discuss the tax consequences of property division

We will work with you to find a resolution of the issues in dispute with your partner. If this is not possible, we will assist you in turning to the courts to ensure that your rights are protected and that you are in a good position to move ahead with your life.

Contact Calgary Family Law Associates

Let us help you divide your assets and debts in Calgary and surrounding parts of Alberta. Contact us at 587-316-1125, or contact each lawyer individually. You can also fill out our online form.