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

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Old 11-07-2008, 04:09 PM
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Default Exemptions on previous Alberta property

Hello,
I'm currently going through a seperation/divorce with my wife. We bought a townhouse after dating for 3 months that I was not title for. I lived in the property and made payments from the date that we bought it. We got married in the property. Since then, we have sold it and bought another house which we are joint on.

As part of the seperation agreement, my wife is looking for an exemption to get all the profit back from the townhouse that we made even though we both lived in the house common law and got married in the house. We put all the equity down on the new house.

Am I entitled to 50/50 split?

Thanks,
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Old 11-13-2008, 12:46 PM
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I am not that keen on the Alberta laws, but I would think that because the townhouse was your matrimonial home, and that the proceeds went to the new purchase, which you are joint on, that you would both have equal stake in the equity now that you are divorcing.
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