Division of property and debt
The Family Law Act governs the division of family property and debt. Under that act, both married and common law spouses are entitled to an equal division of family property, as well as family debt. However, there are exceptions to this rule. Excluded property can include property acquired before the parties began living together in a marriage-like relationship, gifts to the spouse from a third party and inheritances, among other forms of property.
Legal advice pertaining to family property and debt is particularly important for individuals with large estates or high incomes. We will assist you in dealing with complicated matters such as pension entitlements and tax implications, as well as the appraisal of assets and liabilities.
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