When a marriage or common-law relationship ends, dividing property and assets can be one of the most complex and emotionally charged aspects of the process. At Paine Edmonds LLP, our experienced family lawyers are here to help you navigate the legal framework under British Columbia’s Family Law Act and ensure a fair division of property that protects your financial interests.
How Property Division Works Under the Family Law Act
The Family Law Act, which came into effect on March 18, 2013, applies to both married and common-law couples who have lived together in a marriage-like relationship for at least two years. Key principles include:
Equal Division of Family Property: Generally, family property is divided equally between spouses, regardless of who acquired it or whose name is on the title.
Excluded Property: Certain assets are excluded from division, such as:
Property owned by one spouse before the relationship.
Gifts or inheritances received during the relationship.
Certain types of insurance payouts or settlements.
Growth in Value: While excluded property is not divided, any increase in its value during the relationship may be subject to division.
How We Can Help
The family law team at Paine Edmonds LLP has extensive experience handling property division matters. We can assist with:
Explaining how the Family Law Act applies to your situation.
Identifying and valuing family property and excluded assets.
Negotiating or mediating a fair division of property.
Representing you in court if litigation becomes necessary.
Our goal is to achieve a resolution that is fair, practical, and tailored to your unique circumstances.
Take the Next Step
If you’re dealing with a property division issue, the family lawyers at Paine Edmonds LLP are here to help. Whether you’re negotiating an agreement or preparing for court, we’ll provide the guidance and advocacy you need to protect your financial future.
Contact Us Today to schedule a consultation with one of our experienced family lawyers. Let us help you achieve a fair and equitable division of property.
Unique Solutions Tailored to Your Needs
Paine Edmonds LLP, based in downtown Vancouver, specializes in Family, Employment, Wills & Estates, and Disability & Insurance law. Our experienced team provides personalized legal solutions, dedicated to protecting clients’ rights and achieving the best possible outcomes.
Our team of Vancouver family law lawyers will support and guide you through the process of resolving your family law matter and be committed to ensuring your best interests are protected.