Property Division After The Breakdown Of A Relationship

With over three decades of experience, the divorce lawyers at Goluboff & Mazzei have the knowledge and expertise required to guide you through the property division process while protecting the interests of everyone involved.

Our family lawyers will take the time to understand your case in its entirety. We understand that property division is a stressful and emotionally-charged process and are committed to working towards the best possible outcome.

When a marriage, common-law relationship, or other similar partnership breaks down, the matter of asset division moves to the forefront. Both parties have a vested interest in how property and debt are allocated and it is important to ensure that no detail is overlooked.

Property Division In British Columbia

Under the BC Family Law Act, each partner is typically entitled to half of all family property accrued throughout the course of the relationship. The property will be divided equally unless the courts determine that doing so would be significantly unfair.

Property that falls under this category includes:

  • Residences (primary and secondary)
  • Bank accounts
  • RRSPs
  • Investments
  • Pensions
  • Insurance policies
  • Business partnerships

Some types of property are excluded from the division rules. These things may include:

  • Property owned by one person prior to the beginning of the relationship
  • Inheritances
  • Gifts given to one partner
  • Insurance proceeds
  • Trusts

Trusted Guidance Towards Solid Solutions

In some instances, a couple will decide that they would prefer to proceed in a different way and may opt out of property division rules. In this case, an experienced lawyer can help you understand the implications associated with unequal property division and work with you towards ensuring a fair outcome.

Contact Us Today

Learn more about navigating property division by scheduling a meeting with us. Call 604-925-6900 or toll free at 1-800-815-5894. Alternately, you can reach us via our online contact form. We serve clients in West Vancouver, Squamish, Whistler, and the North Shore.