Abbotsford Divorce - Through divorce proceedings, property rights are determined by Part 1 and Part II of the Family Law Act. The value of the house itself and the way it is divided is particularly dealt with by Part II, while Part I deals with the rest of the assets. Only those who have entered into a legal marriage are entitled to take advantage of these laws. Couples of the same sex who are officially married are part of this grouping.
Property that has been accrued during the marriage is the only property which is eligible to be separated. "Equalization" is the process that is used so as to divide the values evenly amongst the spouses. During this process, the value for every person's net family property is calculated. The spouse with the lower net family property value gets half of the difference between their net family properties.
The term 'property' in this case is anything which is purchased by the individual as well as anything registered under their name. In the case where something is registered under both spouse's names, the value is split evenly between the two.
It is usually up to the spouses to decide who receives the kitchen appliances and furniture. To have to lawyers determine who must receive what will cost a lot more then the price of the furniture itself.
Click to Download the pdf