Pace Law Firm launched the Division of Property Legal Services across Ontario to assist separating couples with asset and debt division. The firm's 160 legal professionals provide support for equalization claims, common law property disputes, and financial disclosure requirements under strict provincial timelines.
-- Pace Law Firm has announced the launch of its Division of Property Legal Services for separating couples across Ontario. The service addresses financial concerns that arise when married or unmarried spouses end their relationships and need to divide assets and debts, including equalization of net family property under Ontario’s Family Law Act.
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Property division involves calculating each spouse's net family property by determining the total value of assets on the separation date minus debts. explains the firm. This calculation includes bank accounts, real estate holdings, businesses, pensions, and investment portfolios, while also accounting for mortgages and credit obligations.
For unmarried couples, the team at Pace Law Firm assists with common law claims, including unjust enrichment and resulting trust matters, where property ownership disputes arise. In these situations, non-titled spouses may establish rights to property through documented contributions or shared intentions, even when their name does not appear on official ownership records.
"Property division during separation creates significant financial uncertainty for many families," adds a representative from Pace Law Firm. "Our legal team guides clients through each step of the process to protect their financial interests and work toward fair resolutions."
Time limitations apply to equalization claims, requiring action within 6 years of separation, 2 years of divorce, or 6 months of a spouse's death. Missing these deadlines can permanently prevent individuals from claiming their share of marital property, making prompt legal consultation critical for protecting financial rights.
The legal team assists clients with documentation requirements, asset valuations, and verification of financial disclosure from both parties. To ensure enforceability, all property division agreements require complete transparency about assets and debts, with each spouse understanding their rights before signing any settlement.
Established in 1981, Pace Law Firm operates with over 160 legal professionals serving clients in 38 languages across multiple Ontario locations. The Division of Property Legal Services is available at Pace Law Firm offices in Toronto, Markham, Collingwood, Kenora, and London. Clients can schedule consultations to discuss their specific circumstances and learn how property division laws apply to their situations.
Individuals seeking detailed information about property division services can click here to visit the firm's dedicated property division page to learn more about available legal support options.
Contact Info:
Name: Robin Bell
Email: Send Email
Organization: Pace Law Firm
Address: 191 The West Mall Suite 1100, Toronto, ON M9C 5L6, Canada
Website: https://pacelawfirm.com
Source: NewsNetwork
Release ID: 89173758
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