Ottawa Divorce .com Forums


User CP

New posts

Advertising

  Ottawa Divorce .com Forums > Main Category > Divorce & Family Law

Divorce & Family Law This forum is for discussing any of the legal issues involved in your divorce.

Closed Thread
 
LinkBack Thread Tools
  #21 (permalink)  
Old 01-25-2006, 11:46 PM
Junior Member
 
Join Date: Oct 2005
Posts: 6
Hong is on a distinguished road
Default Definition of the Property in a family Law Act?

I have got the separation agreement from my husband's lawer, one clause specify:

My husband and I release each other from all claims eithe may have against the other now or in the future under the terms of any statute or the commom law, including all claims under the Divoice Act, the Family Law Act, and the Succession Law reform aCT, for:
(a) prossession of property,
(b) owenership of property,
(c) divison of property,
(d) Compensation for contributions to property and
(e) an equalizaion payment

Can anyone help me to understand the term 'property' definition in the family Law Act?

Does that only refers to the home or any houses? or refers to other assets as well, for example, all savings and investments, RRSP and pensions etc?

Your help is greatly appreciated!!!

HONG
  #22 (permalink)  
Old 01-26-2006, 12:02 AM
Senior Member
 
Join Date: Dec 2005
Posts: 238
god knows the truth will become famous soon enough
Default

I would say it's everthing you listed and whatever other tangible,monetary,etc.items you may have had in the past or may accumulate in the future.
Basically you both are cutting all materialistic ties to each other from the day you sign the agreement.
you may want to be leary of any monies that he accumulated while you were together but won't receive 'til later in life exension.
I'm not a legal expert but this is my opinion on the situation.
Hope I helped
  #23 (permalink)  
Old 01-26-2006, 12:07 AM
Senior Member
 
Join Date: Dec 2005
Posts: 238
god knows the truth will become famous soon enough
Default

How the heck did that smiley face appear on my previous post?!!??-(rhetorical question)HA, that's strange in a humerous kinda' way.
I meant to say "ex: pension".
I think it's time for me to say GOODNIGHT IRENE!!! HA
  #24 (permalink)  
Old 01-26-2006, 12:15 AM
Junior Member
 
Join Date: Oct 2005
Posts: 6
Hong is on a distinguished road
Default Thank you for your prompt reply

Thank you for your prompt reply. I think you are right, although I may still need to hire a lawyer to review this Separation Agreement before I sign it, does it make sense?

Regards,

HONG
  #25 (permalink)  
Old 01-26-2006, 01:43 AM
Moderator
 
Join Date: Oct 2005
Location: Ontario
Posts: 3,944
logicalvelocity has a spectacular aura aboutlogicalvelocity has a spectacular aura aboutlogicalvelocity has a spectacular aura about
Send a message via Yahoo to logicalvelocity
Default

hong,

godknowsthetruth is right.

What the separtion agreement also refers to that it is an absolute discharge and will surivive divorce.

Per say, if you ex passed away, you could not lay claim against the estate or possibly receive a widow's pension etc.

Don't forget that your entiled to 50% of the CPP credits earned by the other during the time of the marriage or co-habitation. CPP can transfer these credits. It is a wise move to do so especially if you agree to the absolute discharge.
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 04:52 PM.