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Difference between revisions of "Dividing Property and Debt in Family Law Matters"
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Dividing Property and Debt in Family Law Matters (view source)
Revision as of 20:05, 19 April 2013
, 20:05, 19 April 2013→Dividing property and debt equally
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====Dividing property and debt equally==== | ====Dividing property and debt equally==== | ||
Under s. 81(a) of the ''[[Family Law Act]]'', "spouses are both entitled to family property and responsible for family debt, regardless of their respective use or contribution". Under s. 81(b), each spouse's share of the family property is presumed to be an "undivided half interest" and each spouse is "equally responsible for family debt" | Under s. 81(a) of the ''[[Family Law Act]]'', "spouses are both entitled to family property and responsible for family debt, regardless of their respective use or contribution". Under s. 81(b), each spouse's share of the family property is presumed to be an "undivided half interest" and each spouse is "equally responsible for family debt." Section 97 gives the court the ability to make whatever orders are necessary to divide family property and family debt between spouses. | ||
Section 84 says what family property is: | Section 84 says what family property is: | ||