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  • Asset Division (w/o Prenup)

    Hi,

    I'm dating my girlfriend for 2 years and I'm considering to propose to her in the near future.
    We both have decent incomes but due to our age gap and family background, my net worth is significantly higher.
    In case of a divorce (without a prenup in place), how would the following assets get divided in Ontario, Canada?

    1. Stock portfolio: worth 100k before marriage

    2. Condo: acquired before marriage, not matrimonial home

    3. Service business: existing 50% ownership in an Inc. with a business partner - assuming no salary or profit distribution during marriage

    4. Inheritance of a house (in Europe)
    a, inheritance and sale of house before marriage
    b, inheritance and sale of house during marriage
    c, inheritance and sale of house after a divorce

    I will get legal consultation to prepare a prenup, but would greatly appreciate some initial advise on how the asset division would typically get handled.

    Thanks a lot for taking the time to share your knowledge.

    Best,
    Mitch
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