Property Division in Divorce
Divorce can be a challenging and emotionally charged time in your life, and one of the most complex aspects of divorce is the division of property and assets. At Tarrabain & Tarrabain, our experienced family lawyers are here to help you navigate the intricate process of property division during divorce proceedings. Based in Edmonton, Alberta, we are dedicated to ensuring your assets are protected and that you receive your fair share.
Understanding Property Division in Alberta
In Alberta, property division during divorce is governed by the Matrimonial Property Act. This legislation outlines the rules and principles that apply when spouses decide to separate or divorce. It’s essential to understand the key aspects of property division in Alberta:
-
Matrimonial Property: This includes assets acquired during the marriage, such as the family home, vehicles, bank accounts, and more.
-
Excluded Property: Some property, such as gifts, inheritances, and assets owned before the marriage, may be considered excluded and not subject to division.
-
Equalization of Net Family Property: Alberta law aims to ensure that both spouses leave the marriage in a financially equitable position. This means that assets and debts acquired during the marriage will be divided as fairly as possible.
Our Approach to Property Division
We recognize that every divorce is unique, and property division can vary greatly from case to case. Our skilled family lawyers take a personalized and strategic approach to property division:
-
Thorough Analysis: We meticulously assess your financial situation, including assets, debts, and other factors that could impact property division.
-
Negotiation: Whenever possible, we aim to reach a fair and mutually agreeable property division arrangement through negotiation, mediation, or collaborative law.
-
Litigation: In cases where agreement cannot be reached through negotiation, we are prepared to litigate your case in court, fighting vigorously to protect your interests.
-
Protecting Your Future: Our goal is not just to secure your short-term interests but also to safeguard your long-term financial well-being.
Why Choose Tarrabain & Tarrabain?
-
Experience: Our family lawyers have years of experience handling property division cases in Alberta.
-
Local Knowledge: We understand the intricacies of Alberta’s property division laws and the local court system.
-
Compassion: We approach every case with empathy, recognizing the emotional toll that divorce can take.
-
Proven Success: Our track record includes favorable outcomes for numerous clients in property division cases.
Consultation
If you’re facing divorce and concerned about property division, we’re here to provide the legal guidance and advocacy you need. Contact Tarrabain & Tarrabain today to schedule a consultation with one of our experienced family lawyers in Edmonton. Together, we’ll work to protect your assets and secure your financial future.
