(a) “commercial assets”, real or personal property, used or held primarily for or in connection with a commercial, commercial, investment or other profit-making purpose, but which has no money in an account in a chartered bank, savings bank, credit company, credit union, trust company or similar institution , when the account is normally used for protection or transportation or for the household; , for educational, recreational, social or aesthetic purposes; (g) real and personal property acquired after separation, unless the spouses resume cohabitation. 17 The court may, upon request, manage the sale of property subject to a custom mortgage under this Act on the terms that the court deems appropriate. R.S., about 275, 17. If you are trying to change an agreement, seek advice from a lawyer. Once you have the final agreement or court order, a formal request must be made to the pension plan administrator to allow the division. The pension plan administrator can give you a lump sum equal to the share of the value of the benefits distributed. This lump sum is transferred either to a RRSP or to a survival pension through an insurance company. A survival pension is a fixed payment that is paid to you at regular intervals for the rest of your life. (a) make a declaration regarding the ownership or ownership of the property; Learn more about managing relational property if you are still in a relationship. There are some things that are generally not considered marital property and that generally include: Learn more about the separation of property when the relationship ends. (iii) any person who has unlawfully disposed of the home or matrimonial property, (d) the property is not designated as a matrimonial dwelling and an instrument that designates another property as the spouse`s house is registered and not terminated. (b) whether the estate is a matrimonial property or a commercial asset, the Nova Scotia Marital Property Act is known as the Marriage Property Act.
This law applies only to married couples or couples who are in registered national partnership. This law does not apply to common law couples. (f) property released by a marriage contract or separation contract; 2. Where a spouse has a spouse as opposed to paragraph 1 or is charged an interest in a marriage, the other spouse may be removed on application in court, unless the person holding the interests or charges acquired them in good faith and without notice that it was a marriage, for a valuable consideration. Regular payments mean that there is a common financial relationship between the two parties. As alternative parties are free to negotiate or the court can apply “Buy out of Maintenance” orders, which means that the person concerned pays a higher amount at the beginning or a transfer of ownership is given to avoid making weekly or monthly payments. This is called the “clean break” and is often found in both parties because they are able to continue their lives financially. (c) transportation of the property designated as a matrimonial home. (d) order the distribution or sale of the property; Spouses who are unable to agree on how to share their property may apply to court after the separation or death of one of the spouses. (a) the property or right to own a specific property; (f) “separation arrangement,” a written agreement between spouses who live or wish to live separately and separately; In determining coercion, there must be evidence that a party was under such pressure that it was no longer in a position to make an independent judgment.