Successfully Managing Your Property Division Agreement

It has been said that money is the No. 1 reason couples separate. And it's true that money problems often lie at the heart of high-conflict cases. Consequently, the division of shared property during divorce or separation can quickly escalate out of control if not properly supervised and managed.

Westside Family Law maintains a strong reputation within the Vancouver legal community for our services in asset protection and the division of family property. We regularly assist corporate executives, elite artists, athletes and a variety of professionals with extensive property concerns. As with all areas of our practice, we focus on resolutions that make sense for your needs and your family's particular circumstances.

Dividing High-Value Property And Preserving Generational Wealth

Many of our clients have significant assets such as family businesses or private practices, multiple real estate holdings, pensions or other retirement savings, and extensive investment portfolios. Moreover, we have particular experience managing cases involving generational wealth, where parents or extended families have contributed to a marriage or relationship that has now broken up.

The nuances of dividing high-value or complex assets require delicate management and practical experience, skills that our firm brings to each case. We will seek to help you take the proper steps to protect your investments in the relationship so that you can move forward on a firm financial footing.

Managing Power Differentials In Property Division

In general, it is difficult to recover assets spent by a spouse who runs down bank accounts or investments or racks up huge amounts of debt on shared credit cards after separation. Therefore, if your partner controls access to the money, investments, credit cards or the property you share jointly, you need to take steps right away to protect your portion.

The first step is to ensure that you own copies of all statements and accounts and that you document any agreements, verbal or otherwise, made between you and your partner. This documentation is critical to success, as a judge can only do so much without proper documentation. Our lawyers can assist you in gathering this evidence. We can also investigate cases where assets have mysteriously evaporated or instances where hidden assets are suspected.

We seek to level the playing field by offering sound advice and responsive action to protect your right to a fair share under the law.

Putting The Law On Your Side

Too often, we have seen married and common law spouses get burned by assuming things will just work out because they are not accustomed to handling the taxes or financial affairs of the family. Or they sign agreements essentially waiving their rights to property or support that is under the value the law requires. In some cases, such agreements can and have been reversed by the Court, but it is not guaranteed.

Having a skilled and confident lawyer at your side is thus critical to your success. We will help you understand the law and how it applies to your unique circumstances, taking the appropriate steps to protect your financial future. Call us at 604-800-8853 or send an email to schedule a consultation today.