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Law dating separation divorce

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Unlike other types of property, you do not get to keep for yourself what the house was worth at the time of your marriage.The time limit to make a claim for an equalization payment is six years after the separation or two years after a divorce, whichever is sooner.

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The , all assets were deemed to be “family assets” regardless of ownership.

Sometimes a court will give an extension of time to make a claim.

You and your spouse must first separately calculate the total value of your share of the family property according to the legal rules. If you go to court, you must prepare a full financial report of all your property, debts and income. If a married couple separates, one spouse usually must pay the other spouse money called an “equalization payment”.

You have a right to a payment, not a right to property.

There is now a debt owed from one spouse to the other.