Marital Property Division – Your Net Family Property
During a divorce or marital separation in Ontario, you must take legal steps to protect your property and assets. This often involves complicated issues or legal proceedings that necessitate the help of an experienced property lawyer. At Fine & Associates Professional Corporation, we excel at helping families dealing with property division issues arising from their separation. We also have extensive experience fighting for our clients’ best interests when they are undergoing a difficult divorce or separation – be it common law, divorce law, or other situations.
The Complications of Asset Division in Ontario
Property division can be difficult to determine. Some people think that it is just an easy 50/50 division. Unfortunately, it’s not that simple. In order to determine a division of property in a divorce, it is necessary to calculate the value of what is called your “Net Family Property.” Once the equalization of net family property is determined, you and your spouse can divide the difference. The Our team of Toronto divorce lawyers has extensive knowledge and experience using the Ontario Family Law Act in determining each spouse’s Net Family Property. We will ensure that your assets are protected from your spouse during your complicated divorce.
What Is Included in a Net Family Property Calculation?
Your family’s net worth is determined by a complicated formula that calculates you and your spouse’s net worth (including all assets and liabilities as of the date of marriage and the date of separation). Since equitable distribution (the division arising out of the determination of your Net Family Properties) involves complicated processes and formulas, it is best to contact a qualified divorce/property division lawyer to help you protect your assets during a messy and complicated separation.
You don’t want to be handling the division of assets or divorce papers by yourself. Please seek professional advice.
Contact Our Knowledgeable Toronto Divorce Lawyers
At Fine & Associates Professional Corporation, we understand that property division can be both legally complex and emotionally charged. Let us help you through this difficult time in your life by fighting for your best interests. Contact us today to speak with Lorne Fine, who will fight aggressively for equitable distribution of your family’s assets.