When going through a separation in Ontario, dividing the property and assets accumulated between both parties can be quite difficult. When a marriage ends, family law in Ontario states that property that was acquired during the marriage and still exists at separation must be divided equally between the spouses and any increase in the value must be shared. During this process, the more assets a couple has the more complex the laws can be, especially when there are property issues, such as:
The Toronto divorce lawyers at Nussbaum Family Law will help advocate for you and ensure your property and assets are protected in the final divorce settlement.
The division of assets is determined through negotiation. Whatever both parties decide is fair during mediation is how the assets and liabilities will be divided. Assets include personal savings, art, jewelry, furniture, vehicles, and electronic devices.
At Nussbaum Family Law, we understand that every situation is unique. Our Toronto divorce lawyers will listen to you and help you negotiate a fair agreement. During mediation, you have an active role in creating a divorce agreement and our family law lawyers will explain how you will be impacted by the decisions made in mediation.