Blog

< Go back

pre-marriage asset

Property possession and gifts when separating

With sky-high rents and home ownership out of reach for many young Canadians, more couples are moving into properties with the help of their parents’ money, or even back into their childhood home. But not understanding the legal implications in case of a separation can lead to problems, considering that nearly four in 10 marriages will end in divorce. And while the number of young adults (18-34) who are getting married is on the decline, 58 per cent of Canadians in common-law relationships say that, despite the law being otherwise, assets should be divided equally when the relationship ends, according to a recent Angus Reid poll.

How to protect homes in the event of divorce – Boutet in Rep Mag

This is how to avoid legal pitfalls when couples move into properties with the help of their parents’ money. Read the full article on Rep Mag