Assets and Property
“In every crisis there is an opportunity.”
Division of Assets and Property
When a relationship ends, whether it be a marriage or common law there ought to be a fair and reasonable process to divide the assets and property.
According to the Ministry of the Attorney General “When a marriage ends, the equal contribution of each person to the marriage is recognized. The law provides that the value of any kind of property that was acquired by a spouse during the marriage and still exits at separation must be divided equally between the spouses.”
At Circle Consulting and Resolutions we can help you through the process of dividing your assets to help you determine your total “Net Family Property Value” and any “Equalization Payment” required.
When completing a net family property valuation a number of financial “properties” are considered:
- Real Estate – Matrimonial home, cottage, trailer, etc.
- Personal Property – Cars, boats, home furnishings, jewelry, etc.
- Financial Assets – Cash, Savings, RRSPs, Pensions, RESP’s, Life Insurance, Trusts, Stocks, etc.
- Business Assets – Partnerships and Sole Proprietors valuations, Other Business interests.
Circle Mediation Benefits
At Circle Consulting and Resolutions we provide a range of family mediation services to help address a variety of issues that impact families.
We believe helping people engage in an interest based resolution process, rather than an adversarial process, benefits individuals in a number of significant ways.
Emotional
Mediation is a voluntary, non-adversarial process where parties come together in good faith to address a mutual issue. Mediation is a much faster process than litigation and using a court process and seeks to improve the relationship.
Financial
Mediation is a cost effective solution in which the two parties share the cost of the mediator and engage with their lawyer at the end of the process for independent Legal advice.
Control
When participating in mediation parties have direct input into decisions that impact their lives rather than having a third party, such as a judge, make decisions that impact their lives directly.
Confidential
Mediation is a confidential process, a court proceeding is not.
Creative
Participants in mediation can create and tailor a plan the meets everyone’s needs including, parents, children and extended family.
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Virtual Mediation Also Available