North York Property Division of Assets and Property Distribution Lawyer

PROPERTY DIVISION

When you turn to a member of our team, you’re in the safe, experienced hands of legal professionals, each of whom is adept in property division law.

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Speak To a North York Property Division Lawyer

The trusted team at Mazzeo Law are considered the most trusted lawyers in the industry when it comes to the division of assets and property distribution issues that arise when a marriage breaks down. Our experience means that we understand the issues and can help you to make effective decisions regarding your case.

We can answer your questions and provide you the information you need to ensure the dispute is settled in your favor. Settle Disputes with the Leading Property Distribution and Property Division Lawyers in York Region. Our experts are standing by to answer your questions and provide information on the next steps forward in the process.

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Divorce Property Division of Assets in North York

The property regime in North York established by Part 1 of the Family Law Act is referred to as a deferred community property regime. This means that all property acquired during the course of the marriage by either party, with some exceptions, by the spouses (either together or separately) is considered to be the property of both spouses, notwithstanding legal title.

This means that when a marriage in North York breaks down, each spouse is entitled to one half of the total value of the combined assets of both spouses. We are also able to provide you these answers to you quickly and accurately, ensuring you’re not left wondering about your case.

Division of Assets in a North York Divorce

To aid in the division of assets and property distribution, the Family Law Act has introduced the concepts of “net family property,” “equalization,” and “equalization payment.” For each spouse, a net family property must be calculated.

This is done by totaling the value of all North York assets owned by that spouse on the valuation date (commonly referred to as the separation date or date of separation) , whether solely or jointly, and deducting all liabilities that were in existence on the valuation date*. Once the net family property is determined for each spouse, they are compared and equalized, so each party leaves the marriage with an equal amount of assets.

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Divorce Property Division Payments in North York

Once the equalization payment owing is determined, there are different ways that the parties, with the help of their lawyers and the court, if necessary, can divide the assets and distribute the property to satisfy the issue of equalization. We have helped hundreds of North York clients with issues relating to the division of property, division of assets and property distribution, and it would be our pleasure to work with you.

Our North York lawyers are experienced in resolving all types of property issues in Family Law. Our team of lawyers can provide clear answers to complex questions in the areas of the division of property, division of assets and property distribution. Scheduling a meeting with one of our qualified and trusted property division lawyers is the best first step you can take in this process.

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Read Our Blog and Find Us in the News

At Mazzeo Law Barristers & Solicitors we are constantly publishing fresh content to help those dealing with various family and real estate legal matters. We post as much experience as we can for local North York residents in need of answers.

Additionally we have been featured by various news outlets for the quality of work we have completed throughout the years and for the exceptional legal services we continue to provide accross North York.

Property Division Blog

November 30 2023

Navigating Legal Complexities: Divorce and Criminal Law Insights

November 7 2023

Mazzeo Law Celebrates Another Feature in GTA Centre’s “Best of” Series

May 13 2020

Mazzeo Law Barristers & Solicitors Provides Family Legal Service

TESTMONIALS

“Paul and the team at Mazzeo Law have made this difficult time for myself and my family a smoother process. I am especially grateful for how available Paul and his staff were to me, especially when emergency situations came up. It was a long battle, but Paul made it as best as possible. He made it easy and comfortable for me to understand my rights. Paul and his staff were always patient when answering my questions and addressing my concerns. Never once did I feel less than or that my thoughts and questions were deficient. I appreciated this the most. Thanks for the great service and compassion that you and your staff have shown me and my family throughout this difficult time and process.”

5 / 5 stars