Legal services have been designated an "essential service" by the Alberta Government and accordingly Long Family Law Group LLP remains available to assist clients with their needs during this health crisis, operating on a modified business basis, and meeting by Zoom, Skype, Face Time or Messenger wherever possible. We have enhanced hygiene protocols in place for times when in person attendance at the firm is necessary. We will ask you not to attend if you have been traveling or have been exposed to anyone infected with the virus. Much can be done remotely, including mediation, arbitration, negotiations etc. and we are set up to do so.


In addition to the in-office steps that we are taking to protect everyone’s health, we are also offering online mediation and arbitration services, delivered via Zoom, to address issues that may arise for you or your family during this unique time. To learn more, please click here to contact us or contact us by telephone at
780-461-8416.

Blog

Dividing property in a divorce or separation

Even a short marriage can lead to the accumulation of both assets and debts. Both partners in a relationship bring financial goals, needs and desires. Unfortunately, when divorce becomes a reality, the partners must work to ensure things are split accurately and fairly.

Whether an item has sentimental value or offers a true financial benefit, a divorcing couple will likely have to discuss how it is divided. From the operation of a family-run business to a shared collection of books, debates can be emotionally charged. In a marriage that has lasted decades, the division of property and debt can be a complex matter. The term property can include:

  • Home
  • Car
  • Business
  • Pensions
  • RRSPs
  • Investments
  • Bank accounts
  • Furniture, books and other collections

Many couples have also purchased investment or income properties. These can include:

  • Timeshares
  • Commercial buildings
  • Apartment complexes
  • Condominiums
  • Retail property

It is not uncommon for couples to choose to organize their property with a prenuptial agreement prior to their wedding. This document is used to clarify the property and debts that each partner is bringing into the relationship. From real estate to retirement accounts, a prenuptial agreement can ease the severity of disputes in a divorce.

Likewise, after the wedding, the couple can create and modify a postnuptial agreement to record any new property or debts acquired over the course of the wedding. Again, the presence of a comprehensive marital agreement can mean the difference between heated disputes and smooth negotiations centered on the division of property and debts.

It is important to discuss your unique situation with an experienced family law lawyer who can provide the guidance and answer any questions you might have.

No Comments

Leave a comment
Comment Information

Compassion. Support. Customized Service. All Under One Roof.

Arrange a meeting with our firm and discover how our lawyers can help you resolve your matter.

Connect With Us

Phone

Fax

Office Location

Long Family Law Group LLP
9333 - 47 Street
Suite 201
Edmonton, Alberta T6B 2R7

Phone: 780-651-7070
Fax: 780-461-8546
Edmonton Law Office Map

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.