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When a relationship ends, '''spouses''' often have to deal with their property and debt. They have to figure out who gets what and who pays for which debts. | When a relationship ends, '''spouses''' often have to deal with their property and debt. They have to figure out who gets what and who pays for which debts. | ||
BC family law spells out how property and debt are dealt with for couples who are married or in a '''marriage-like relationship''' for two years or more. | BC family law spells out how property and debt are dealt with for couples who are married or who are in a '''marriage-like relationship''' for two years or more. | ||
When their relationship ends, the spouses are presumed to keep property they brought into the relationship and to share in property they acquired during their relationship. Unless otherwise agreed, the law presumes that all '''family property''' and '''family debt''' is divided '''equally'''. | When their relationship ends, the spouses are presumed to keep property they brought into the relationship and to share in property they acquired during their relationship. Unless otherwise agreed, the law presumes that all '''family property''' and '''family debt''' is divided '''equally'''. |
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