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Legal Forums » De facto Relationships - Forum » Property issues and common-law relationships
Started Dec 08 2012, 15:32
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Dec 08 2012, 15:32
The laws about property are complicated. The part of the BC Family Relations Act that says who gets what when a marriage ends doesn't apply to common-law relationships. If you want to be clear about how your property will be divided if your relationship ends, you can make a written agreement that says what both partners have agreed to about property. It's important to get legal advice if you're considering making a written agreement. Depending on your individual circumstances, having a written agreement may create additional unexpected issues later on. Only an experienced family lawyer can help you decide what is best for you.
Property includes everything you own, such as the car, furniture, appliances, home, bank accounts, insurance policies, pension benefits, annuities, RRSPs, stocks and bonds, and investments. It also includes any business that you and your partner each contributed to.
If your common-law relationship ends and you have to make decisions about property, even if you have a written agreement, talk to a lawyer as soon as possible.
There are important time limits. If you need to, you can go to court and ask a judge to order that the property be divided between you as you agreed.
Thanks
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