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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 04:35, 20 May 2013
, 04:35, 20 May 2013→Cohabitation agreements and marriage agreements
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However, since many people are content with the basic plan for the division of property set out in the ''Family Law Act'', the question is often about what a cohabitation agreement or a marriage agreement can do that would be better than the division the act expects. Here are some ideas. An agreement could: | However, since many people are content with the basic plan for the division of property set out in the ''Family Law Act'', the question is often about what a cohabitation agreement or a marriage agreement can do that would be better than the division the act expects. Here are some ideas. An agreement could: | ||
*clarify which property is excluded property and what its value was when the relationship begain, | |||
*allow a spouse to keep not just his or her excluded property but the growth in value of his or her excluded property, | *allow a spouse to keep not just his or her excluded property but the growth in value of his or her excluded property, | ||
*say that there will be no shared family property except for property that is registered in both spouses' names or that the parties agree in writing will be shared family property, | *say that there will be no shared family property, except for property that is registered in both spouses' names or that the parties agree in writing will be shared family property, | ||
*give a share of a spouse's excluded property to the other spouse, including a share which increases over time, | *give a share of a spouse's excluded property to the other spouse, including a share which increases over time, | ||
*make all excluded property shareable family property, | *make all excluded property shareable family property, | ||
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I'm sure there are other options as well. | I'm sure there are other options as well. | ||
==Resources and links== | ==Resources and links== | ||