EQUALIZATION & DIVISION OF PROPERTY LAWYER MARKHAM
When a couple separates or divorces, the Ontario Family Law Act allows the respective parties the right to an equalization of net marital or cohabitation assets and property acquired during the time married or cohabitating together.
Essentially, the person with the higher net worth pays the other person half of the value of the difference in their net worth. For instance, person A has a net worth of $1 million and person B has a net worth of $500,000. In general, both parties are entitled to an equal share. As such, each person would be entitled to $750,000 each. So, person A would pay person B $250,000.
Keep in mind, this is just a simple example. Equalization and division or property issues can be very complex. At AP Lawyers, we will first determine if there is a marriage contract or cohab contact in place and what the terms of that contract are to determine proper equalization and division of property.
If there is no contract, then our Markham equalization and division of property lawyer will review financial statements, property holdings, and other assets to determine what a fair distribution amount would be for each person.
Our lawyer will also review the length of the marriage or cohab relationship as this does affect what each person is entitled to receive. We also examine any such assets or property that may be excluded from net marital or cohab assets and property.
Our goal is to ensure you receive a fair equalization and division of property agreement. For further assistance, please feel free to contact our law firm to schedule a consultation with our equalization and division of property lawyer in Markham today!
Thank you AP for helping me through this phase of my life. I really can’t tell you how appreciative I am and glad that I chose you to. Very professional and knowledgeable in what you do!
- Lawrish
AP Lawyers made an uncomfortable situation very comfortable for our family. Thank you to all the staff @ AP Lawyers. You all made us feel at ease. We will recommend this law firm to anyone who needs this service.
– Hellen Verbancic
Very pleased with the services I received for my family . They were all very quick and very responsive to any question me and my family have had while working on their case. I would recommend them all with open heart because every employee have shown such care in the matter and helped us a lot. Thank you AP Lawyers and Danyal for making the dream having my family closer come true !!
- Elena Novakovic
Talk about professionalism, productive and being on time, for Family Law & Immigration Matters. AP Lawyers Pickering is the right firm to contact. Thanks to everyone at AP Lawyers for their great support and help in all matters dealt with. My experience at AP Lawyers has been a great one so far!
– Doneeta Persuad
I cannot say enough good things about the people at AP Lawyers.They are professional, knowledgeable, thorough and empathetic. They will follow up with you and make sure you are on the right track.I will recommend them every time.
- Ogechi Uwasomba
"Professional and courteous staff, nice office location with ample parking, reasonable fees and above all I had very satisfactory experience of their legal consultation"
- Arif M. Khatri
AP Lawyers were a pleasure to deal with from the get go. Sharaya was my first point of contact and she was very welcoming and helpful with all my queries. I had a phone consolation with Angela, she was very professional, honest and knowledgeable. I went to the office and met with Shireen Abdi and I would defiantly recommend her again and again, she is kind, knowledgeable, genuine and sharp at what she does. Thank you!
- R I
Angela was kind and understanding and gave me the right advice I needed for my current situation. Truly provided a wonderful experience and excellent advice. Thank you thank you.
- Mandee Sinn
I highly recommend AP lawyers. Excellent service. My consultation was with Anisa and it helped me a lot for my current situation.
- MilinduPerera
Ms. Pricewill is kind, extremely knowable, patient and she genuinely wants to help. She takes the time necessary to adequately guide you through your legal maze. Also she gives you realistic cost and outcome expectations and does not try to sell you on her services instead she focuses on what's best for you and your unique situation. Thanks for your help!
- Jon-Taine H.
I want to thank Angela Princewill for the way she is handling my case. She is very passionate about my rights. My case is very complicated involving divorce, custody, access, child support and property division. I am confident she will get me the best results in every area.
- Anon
