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Do I Have to Share all of my Property with my Ex?

Some property can be excluded from property division/equalization. In other words, you may not have to share the value of all of your property with your spouse when you separate.

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Do I Have to Share all of my Property with my Ex?

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  1. Richmond Hill Family Lawyers Book A Free Consultation. Call:(905) 237-5548 DO I HAVE TO SHARE ALL OF MY PROPERTY WITH MY EX? https://www.richmondhillfamilylawyers.com/

  2. Richmond Hill Family Lawyers Book A Free Consultation. Call:(905) 237-5548 Some Property Can Be Excluded From Property Division.  https://www.richmondhillfamilylawyers.com/

  3. Richmond Hill Family Lawyers Book A Free Consultation. Call:(905) 237-5548 • In other words, you may not have to share the value of all of your property with your spouse when you separate. For example, you can exclude the value of: • Gifts from anyone other than your spouse, • Inheritances, • Damages from personal injury claims, and • Proceeds from a life insurance policy • When you calculate who owes whom how much in terms of property division. https://www.richmondhillfamilylawyers.com/

  4. Richmond Hill Family Lawyers Book A Free Consultation. Call:(905) 237-5548 If you want to exclude property, you have to prove each exclusion.  This means that you will likely have to trace the property in question from the date that you received it until the date of separation.  If you invest any funds from a gift into a Matrimonial Home, then you cannot exclude it any more. Also, if you deposit any funds from a gift into a joint account, or give them to your ex, then you may not be able to exclude them (or part of them) either. https://www.richmondhillfamilylawyers.com/

  5. Richmond Hill Family Lawyers Book A Free Consultation. Call:(905) 237-5548 Thank You https://www.richmondhillfamilylawyers.com/

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