DIVISION OF ASSETS

Asset Division in Ontario: A Guided Approach

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Navigating the division of property during separation or divorce can be complex. In Ontario, this process is governed by the Family Law Act (FLA), which provides a legal framework designed to ensure a fair and equitable outcome. At TMB Law, we are committed to guiding you through every step of this process with clarity and care.

 

Understanding Equalization of Net Family Property

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One of the cornerstone principles of the FLA is the Equalization of Net Family Property. This process is applicable to married couples and ensures that each spouse receives an equal share of the increase in family assets accumulated during the marriage, regardless of who holds legal title.

At TMB Law, we help you calculate your Net Family Property (NFP), analyze exclusions and deductions, and ensure the final equalization payment reflects a just division under Ontario law.

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When Negotiation Isn’t Enough

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In many cases, separating spouses can reach a mutual agreement on how to divide property. However, when this isn’t possible, our team offers strong support and strategic legal options.

If a negotiated settlement cannot be reached, we can assist in filing a court application to have a judge make a binding decision on the division of assets. This process ensures that your legal rights and financial interests are protected in accordance with the FLA.

Important Deadlines:

• You must make a claim for property division within six years of separation or within two years of your divorce being finalized. Missing these deadlines can forfeit your rights—timely legal advice is critical.

 

A Tailored Legal Strategy for Every Client

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At TMB Law, we recognize that every family and financial situation is unique. Whether you're dealing with complex property portfolios, family businesses, inheritances, or pensions, we offer customized legal strategies that reflect your specific needs and goals.

 

More Than Legal Representation—We’re Your Advocates

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Our role goes beyond technical legal work. We are here to create a supportive and informative environment, helping you make confident and informed decisions throughout the asset division process. From initial consultation to final resolution, our priority is to safeguard your rights and achieve a fair outcome.

 

Start the Conversation Today

Whether you're looking to better understand your rights under the Equalization of Net Family Property, or you're ready to move forward with a formal division of assets, TMB Law is here to support you.

Contact us today to schedule a confidential consultation and take the first step toward a just and equitable resolution.