{"id":240082,"date":"2022-04-06T20:38:38","date_gmt":"2022-04-07T00:38:38","guid":{"rendered":"https:\/\/www.studio12.digital\/paxlaw\/?page_id=240082"},"modified":"2026-07-20T16:52:26","modified_gmt":"2026-07-20T23:52:26","slug":"asset-and-debt-division","status":"publish","type":"page","link":"https:\/\/www.paxlaw.ca\/en\/services\/family-law-and-divorce\/asset-and-debt-division\/","title":{"rendered":"Property, Asset &#038; Debt Division Lawyers"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"240082\" class=\"elementor elementor-240082\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-156b52c7 e-flex e-con-boxed e-con e-parent\" data-id=\"156b52c7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1058da0 e-con-full e-flex e-con e-child\" data-id=\"1058da0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-220e6855 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"220e6855\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-523140ed elementor-widget elementor-widget-heading\" data-id=\"523140ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Property, Asset &amp; Debt Division Lawyers<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f73adc4 elementor-widget elementor-widget-text-editor\" data-id=\"1f73adc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>in Vancouver, BC<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3942df28 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3942df28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2e20808d elementor-hidden-mobile e-flex e-con-boxed e-con e-parent\" data-id=\"2e20808d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-33f7979 elementor-align-left elementor-widget 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54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-37d59961 e-flex e-con-boxed e-con e-parent\" data-id=\"37d59961\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-13952ec8 e-con-full e-flex e-con e-child\" data-id=\"13952ec8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77c8aa9a elementor-widget elementor-widget-heading\" data-id=\"77c8aa9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Property, Asset &amp; Debt Division Lawyers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75509b2a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"75509b2a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67863243 elementor-widget elementor-widget-text-editor\" data-id=\"67863243\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The division of assets and debt can be a complex and emotional process, but our lawyers are here to help. Dividing your marital property typically means parting with half of your assets, and some of those will have vivid memories and emotions attached. A win is not always only about the monetary value.<\/p>\n<p>We understand the importance of protecting your assets, while minimizing debt, and will work closely with you to find a solution that meets your needs. Our lawyers understand that this is a difficult time, and our goal is to make the process as smooth and stress-free as possible for you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fb1981e elementor-widget elementor-widget-image\" data-id=\"6fb1981e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"500\" src=\"https:\/\/www.paxlaw.ca\/wp-content\/uploads\/2025\/11\/Property-Asset-Debt-Division-2-1024x683.webp\" class=\"attachment-large size-large wp-image-312555\" alt=\"\" srcset=\"https:\/\/www.paxlaw.ca\/wp-content\/uploads\/2025\/11\/Property-Asset-Debt-Division-2-1024x683.webp 1024w, https:\/\/www.paxlaw.ca\/wp-content\/uploads\/2025\/11\/Property-Asset-Debt-Division-2-300x200.webp 300w, https:\/\/www.paxlaw.ca\/wp-content\/uploads\/2025\/11\/Property-Asset-Debt-Division-2-768x512.webp 768w, https:\/\/www.paxlaw.ca\/wp-content\/uploads\/2025\/11\/Property-Asset-Debt-Division-2-360x240.webp 360w, https:\/\/www.paxlaw.ca\/wp-content\/uploads\/2025\/11\/Property-Asset-Debt-Division-2-600x400.webp 600w, https:\/\/www.paxlaw.ca\/wp-content\/uploads\/2025\/11\/Property-Asset-Debt-Division-2.webp 1536w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-579fe699 elementor-widget elementor-widget-heading\" data-id=\"579fe699\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQ<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c300017 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"6c300017\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78d446d3 elementor-widget__width-initial elementor-widget elementor-widget-n-accordion\" data-id=\"78d446d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2020\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2020\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> How do you divide property in BC? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2020\" class=\"elementor-element elementor-element-7d304385 e-con-full e-flex e-con e-child\" data-id=\"7d304385\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2005c4 elementor-widget elementor-widget-text-editor\" data-id=\"2005c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"2777\" data-end=\"2979\">If you have separated from your spouse (a person you are married to or were in a common-law relationship with), you can ask to divide your family property. Family property can be divided by agreement (called a \u201cseparation agreement\u201d). If the parties cannot reach an agreement, they will have to go to court or request help from professionals (such as mediators and lawyers) to resolve the problems between them.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2021\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2021\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> How long after separation can you claim assets BC? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2021\" class=\"elementor-element elementor-element-595b5f6 e-con-full e-flex e-con e-child\" data-id=\"595b5f6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5dc356c elementor-widget elementor-widget-text-editor\" data-id=\"5dc356c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>It depends on your relationship with your spouse.<\/p>\n<p>If you were married to your spouse before separation, you have two years from the date of divorce.<\/p>\n<p>If you were in a common-law relationship with your spouse (you were cohabiting for longer than two years or you were cohabiting and had a child together), you have two years from the date of separation.<\/p>\n<p>This is not legal advice about your case. You should discuss your specific case with a BC adoption lawyer to receive legal advice.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2022\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2022\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> How is property divided in a divorce in BC? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2022\" class=\"elementor-element elementor-element-73532a4 e-con-full e-flex e-con e-child\" data-id=\"73532a4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e4d494 elementor-widget elementor-widget-text-editor\" data-id=\"1e4d494\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span>A family\u2019s belongings fall into two categories after two spouses separate: family property and excluded property.<\/span><br \/><br \/><span>The Family Law Act (the \u201cFLA\u201d) defines family property as property owned by one or both spouses or the beneficial interest of one of the spouses in a property.<\/span><br \/><br \/><span>However, the FLA excludes the following classes of properties from the family property:<\/span><br \/><br \/><span>1) Property acquired by one of the spouses before their relationship began;<\/span><br \/><span>2) inheritances to one of the spouses;<\/span><br \/><span>3) some lawsuit settlements and damage awards;<\/span><br \/><span>4) Some beneficial interests that are held in trust for one of the spouses;<\/span><br \/><span>5) in some cases, money paid or payable under an insurance policy; and<\/span><br \/><span>6) Any property obtained from the proceeds of sale or disposition of one of the properties mentioned in 1 \u2013 5 above.<\/span><br \/><br \/><span>It is important to note that any increases in the value of the excluded property after the relationship begins will be counted towards the family property.<\/span><br \/><br \/><span>The following are some examples of family property:<\/span><br \/><br \/><span>1) The family home;<\/span><br \/><span>2) RRSPs;<\/span><br \/><span>3) Investments;<\/span><br \/><span>4) Bank accounts;<\/span><br \/><span>5) Insurance policies;<\/span><br \/><span>6) Pensions;<\/span><br \/><span>7) An interest in a business; and<\/span><br \/><span>8) The amount of any increase in the value of the excluded property since the relationship started.<\/span><br \/><br \/><span>The following are some examples of excluded property:<\/span><br \/><br \/><span>\u2013 The property you brought into your relationship;<\/span><br \/><span>\u2013 Inheritances you received during your relationship;<\/span><br \/><span>\u2013 Gifts you received during your relationship from someone other than your spouse;<\/span><br \/><span>\u2013 Personal injury or settlement awards received during your relationship, such as ICBC settlements, etc.; and<\/span><br \/><span>\u2013 Property held for you in a discretionary trust held by someone other than your spouse;<\/span><br \/><span>\u00a0<\/span><br \/><em>From: https:\/\/www.paxlaw.ca\/2022\/07\/18\/separation-in-bc-how-to-protect-your-rights\/<br \/><\/em><br \/><span>After separation, assets and debts that are \u201cfamily assets\u201d under the family law act are split 50\/50 between the spouses. Separate property of each spouse belongs to that spouse and will not be divided after separation.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2023\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2023\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> How much does a separation agreement cost in BC? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2023\" class=\"elementor-element elementor-element-b18b78d e-con-full e-flex e-con e-child\" data-id=\"b18b78d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-21e0fc4 elementor-widget elementor-widget-text-editor\" data-id=\"21e0fc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span>Depending on the lawyer and the firm, a lawyer might charge between $200 \u2013 $750 per hour. They may also charge a flat fee. Our family law lawyers charge between $300 \u2013 $400 an hour. For separation agreements, Pax Law can also charge a flat fee of $3000 + tax for normal separations.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2024\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2024\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Is my wife entitled to half my house if it\u2019s in my name? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2024\" class=\"elementor-element elementor-element-9b1bc7d e-con-full e-flex e-con e-child\" data-id=\"9b1bc7d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5dbb845 elementor-widget elementor-widget-text-editor\" data-id=\"5dbb845\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Your spouse might be entitled to half its value if you purchased it during the marriage. However, this is a complicated legal issue, and you should consult a lawyer to receive individualized advice on your circumstances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2025\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2025\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> How much does mediation cost in BC? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2025\" class=\"elementor-element elementor-element-82dbeb2 e-con-full e-flex e-con e-child\" data-id=\"82dbeb2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ef821f elementor-widget elementor-widget-text-editor\" data-id=\"4ef821f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Mediation costs depend on the issues\u2019 complexity and the mediator\u2019s experience level. On average, mediators charge between $400 \u2013 $800 an hour.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2026\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2026\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Can my ex-wife claim my pension years after divorce in Canada? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2026\" class=\"elementor-element elementor-element-202a697 e-con-full e-flex e-con e-child\" data-id=\"202a697\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b72ebd7 elementor-widget elementor-widget-text-editor\" data-id=\"b72ebd7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Divorce orders are usually granted only after the parties have resolved property matters. Your spouse has two years from the date of the divorce order to make any other claims with regard to family property.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2027\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"8\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2027\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> How do you split assets after separation? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2027\" class=\"elementor-element elementor-element-287db29 e-con-full e-flex e-con e-child\" data-id=\"287db29\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12aa2b6 elementor-widget elementor-widget-text-editor\" data-id=\"12aa2b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span>A family\u2019s belongings fall into two categories after two spouses separate: family property and excluded property.<\/span><br \/><br \/><span>The Family Law Act (the \u201cFLA\u201d) defines family property as property owned by one or both spouses or the beneficial interest of one of the spouses in a property.<\/span><br \/><br \/><span>However, the FLA excludes the following classes of properties from the family property:<\/span><br \/><br \/><span>1) Property acquired by one of the spouses before their relationship began;<\/span><br \/><span>2) inheritances to one of the spouses;<\/span><br \/><span>3) some lawsuit settlements and damage awards;<\/span><br \/><span>4) Some beneficial interests that are held in trust for one of the spouses;<\/span><br \/><span>5) in some cases, money paid or payable under an insurance policy; and<\/span><br \/><span>6) Any property obtained from the proceeds of sale or disposition of one of the properties mentioned in 1 \u2013 5 above.<\/span><br \/><br \/><span>It is important to note that any increases in the value of the excluded property after the relationship begins will be counted towards the family property.<\/span><br \/><br \/><span>The following are some examples of family property:<\/span><br \/><br \/><span>1) The family home;<\/span><br \/><span>2) RRSPs;<\/span><br \/><span>3) Investments;<\/span><br \/><span>4) Bank accounts;<\/span><br \/><span>5) Insurance policies;<\/span><br \/><span>6) Pensions;<\/span><br \/><span>7) An interest in a business; and<\/span><br \/><span>8) The amount of any increase in the value of the excluded property since the relationship started.<\/span><br \/><br \/><span>The following are some examples of excluded property:<\/span><br \/><br \/><span>\u2013 The property you brought into your relationship;<\/span><br \/><span>\u2013 Inheritances you received during your relationship;<\/span><br \/><span>\u2013 Gifts you received during your relationship from someone other than your spouse;<\/span><br \/><span>\u2013 Personal injury or settlement awards received during your relationship, such as ICBC settlements, etc.; and<\/span><br \/><span>\u2013 Property held for you in a discretionary trust held by someone other than your spouse;<\/span><br \/><span>\u00a0<\/span><br \/><em>From: https:\/\/www.paxlaw.ca\/2022\/07\/18\/separation-in-bc-how-to-protect-your-rights\/<br \/><\/em><br \/><span>After separation, assets and debts that are \u201cfamily assets\u201d under the family law act are split 50\/50 between the spouses. Separate property of each spouse belongs to that spouse and will not be divided after separation.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2028\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"9\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2028\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> What am I entitled to after separation? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2028\" class=\"elementor-element elementor-element-6f79ad2 e-con-full e-flex e-con e-child\" data-id=\"6f79ad2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-51b2b0b elementor-widget elementor-widget-text-editor\" data-id=\"51b2b0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>You are entitled to one half of the family property (see question 106 above). Based on your family circumstances, you may be entitled to spousal support or child support.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3305978f elementor-widget elementor-widget-heading\" data-id=\"3305978f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Book a Consultation  Today<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-797f43a6 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"797f43a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12a17b6c elementor-widget elementor-widget-text-editor\" data-id=\"12a17b6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Understanding how assets and debts are divided after separation in Canada\u2014especially under British Columbia family law\u2014is essential before entering any agreement or court process. Commercial and personal property, bank accounts, pensions, insurance, and business interests may qualify as family assets and be subject to equal division, while inheritances, pre-relationship property, gifts from third parties, or settlement awards may be excluded or partially protected depending on timing and conditions. Pax Law Corporation assists spouses and business owners with reviewing, explaining, and preparing separation or property agreements\u2014without guaranteeing outcomes\u2014while ensuring compliance with Canadian legal standards. 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