Property Division
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The following lawyers focus on
Property Division:

Alison Rhynas

Nicholas Picard
What is Property Division?
In the realm of family law, property division is a critical issue that often arises during divorce proceedings or the dissolution of a spousal relationship. When couples decide to separate, the division of assets and debts can be complex and emotionally charged. Understanding the legal principles governing property division is essential to navigate this process smoothly.
Understanding Property Division
Property division involves the fair allocation of assets and liabilities accumulated during the course of a relationship. In British Columbia, this process is governed by specific legislation that outlines how property is to be divided upon separation. Assets subject to division can include a wide range of items such as real estate, vehicles, investments, businesses, pensions, and personal belongings. Debts incurred during the relationship are also considered as part of the division process.
Factors Influencing Property Division
Several factors may influence the division of property, including when the parties married or entered into a marriage-like relationship, the manner in which assets were acquired, and whether they are considered family property or excluded property.
In some cases, couples can reach a mutually acceptable agreement regarding property division through negotiation. This approach allows parties to have more control over the outcome and can often lead to a faster and less adversarial resolution. When parties are unable to reach an agreement on property division, the matter may need to be resolved through litigation. In such cases, a judge will make decisions regarding the division of assets and debts based on the applicable laws and evidence presented.
Family Lawyers Victoria BC
Navigating the complexities of property division can be challenging, especially during an emotionally difficult time. Seeking legal advice can help you better understand your rights and options. Our experienced family lawyers in Victoria can provide valuable advice, negotiate on your behalf, and represent your interests in court if necessary.
Please contact us to assist with any stage of your property division matter.