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Difference between revisions of "Basic Principles of Property and Debt in Family Law"
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Basic Principles of Property and Debt in Family Law (view source)
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| resourcetype = a fact sheet on | | resourcetype = a fact sheet on | ||
| link = [http://www.clicklaw.bc.ca/resource/1639 How to divide property and debts] | | link = [http://www.clicklaw.bc.ca/resource/1639 How to divide property and debts] | ||
}} | }}People who are married or who lived together in a marriage-like relationship for at least two years are entitled to share in the property they acquired during their relationship, and are entitled to keep any property they each brought into the relationship. | ||
People who are married or who lived together in a marriage-like relationship for at least two years are entitled to share in the property they acquired during their relationship, and are entitled to keep any property they each brought into the relationship. | |||
The same thing goes for debt. Spouses are equally responsible for the debt they accumulated during the relationship, but they are separately responsible for any debt that they had going into the relationship. | The same thing goes for debt. Spouses are equally responsible for the debt they accumulated during the relationship, but they are separately responsible for any debt that they had going into the relationship. | ||
