Difference between revisions of "Protecting Property and Debt in Family Law Matters"

Protecting Property and Debt in Family Law Matters (view source)

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 ===Movable assets===
-Bank accounts, stocks, investment accounts, and similar assets that aren't real estate are called movable assets. The BC Supreme Court usually has jurisdiction over immovable assets located outside of the province where the owner has attorned to the jurisdiction and accepted the court's authority.
+Bank accounts, stocks, investment accounts, and similar assets that aren't real estate are called movable assets. The BC Supreme Court usually has jurisdiction over movable assets located outside of the province where the owner has attorned to the jurisdiction and accepted the court's authority.
 Where a spouse has attorned, the court can make a restraining order stopping the spouse from disposing of movable property located outside of British Columbia under s. 91 of the ''Family Law Act''. Inside British Columbia, a s. 91 order will stop a spouse from dealing with everything that is family property or other "property at issue," including real property. Outside British Columbia, a s. 91 restraining order will only stop a spouse from dealing with movable assets.