Property Division

When it comes to dividing property after separation, Drake family and divorce lawyers provide trusted legal guidance for clients across London, Sarnia, and Kitchener-Waterloo. For married spouses, property division in Ontario is governed by the Family Law Act, which sets out the equalization of net family property. This reflects the principle that assets acquired during the marriage should be shared fairly between both spouses.

This equalization process does not apply to common-law partners, who may instead make claims based on unjust enrichment or a joint family venture. Family property can include real estate, pensions, investments, business interests, bank accounts, and more. Debts and liabilities are also factored into the calculation. Certain assets—like the matrimonial home, inheritances, gifts, or property owned before marriage—may be treated differently under the law.

To determine entitlements, spouses must exchange sworn Financial Statements outlining their assets and liabilities at the date of marriage and separation. Full disclosure is critical to achieving a fair and informed resolution. Our experienced family law team helps simplify this often complex process, ensuring you receive the guidance you need to move forward with clarity and confidence.