Can assets purchased after a triggering event be considered family assets?
British Columbia, Canada
The following excerpt is from L.E.M. v. D.M.I., 2013 BCSC 450 (CanLII):
Assets purchased after a triggering event cannot be family assets, even if purchased from the proceeds of a family asset: Foster v. Foster, 2007 BCCA 83 at paras. 34-35.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Is a husband's contribution to a business considered a family asset in determining if the business asset is a business asset? (British Columbia, Canada)
What is the final asset to be considered as a family asset? (British Columbia, Canada)
Does the use of income from a capital asset for family purposes constitute a family asset? (British Columbia, Canada)
When a spouse's assets are not family assets, is one of the spouses entitled to an equal division of assets? (British Columbia, Canada)
How have the courts in BC dealt with potential family assets that were unfairly dissipated or disposed of prior to the triggering event? (British Columbia, Canada)
Does use of an asset for a family purpose prior to marriage make it a family asset? (British Columbia, Canada)
Does a purchaser have a right to resile from a contract of purchase and sale if the purchaser fails to complete the purchase at the agreed price? (British Columbia, Canada)
Can a delay in the sale of a family asset be considered a form of reapportionment? (British Columbia, Canada)
What are the factors used in determining the division of family assets in a separation of assets? (British Columbia, Canada)
How is the net asset value of a broken-up marriage calculated when the parties agree the total family debts as at least as at the time of separation are to be deducted from the total assets? (British Columbia, Canada)
