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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)
Revision as of 04:28, 20 May 2013
, 04:28, 20 May 2013→Taking stock at the beginning of a relationship
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====Taking stock at the beginning of a relationship==== | ====Taking stock at the beginning of a relationship==== | ||
As you can see, it's rather important to know what you owned when you and your spouse began to live together. If you are just starting a relationship, here's what you do | As you can see, it's rather important to know what you owned when you and your spouse began to live together. If you are just starting a relationship, here's what you do. | ||
First, gather the documents listed below for the period that spans the date on which you and your spouse began to live together or got married, whichever is earlier: | |||
*statements for all financial accounts, including savings accounts, investment accounts, RRSP accounts and other retirement savings accounts, | *statements for all financial accounts, including savings accounts, investment accounts, RRSP accounts and other retirement savings accounts, | ||
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*anything else that helps to establish the value of something you brought into the relationship in a credible way. | *anything else that helps to establish the value of something you brought into the relationship in a credible way. | ||
Next, once you've gathered these documents, staple them together and keep them together in some place that you're not likely to lose them, like a safety deposit box. | |||
You should still be able to gather much the same collection of documents even if you've already been married or living together for some time. Banks and other financial institutions will give you copies of old statements, but there will be a charge; pension plan administrators should be able to provide old values; and, BC Assessments for past years are available online. You may, however, have a problem valuing old vehicles, especially ones that you've sold. | You should still be able to gather much the same collection of documents even if you've already been married or living together for some time. Banks and other financial institutions will give you copies of old statements, but there will be a charge; pension plan administrators should be able to provide old values; and, BC Assessments for past years are available online. You may, however, have a problem valuing old vehicles, especially ones that you've sold. | ||
