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What happens to assets like investments?

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Anonymous Asked:

What happens to assets like investments outside of property ownership? What is the spouse allowed to claim in bc law?

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Stuart Zukerman
5 years ago

A: Equity in financial investments is dealt with just the same as Real Property equity would be dealt with upon the breakdown of a relationship – presumptively whatever pre relationship equity either of you had in any real property or other form of financial investment (such as an RRSP, GIC, Mutual Fund, TFSA, Savings account, Stock Market brokerage account etc) that either of you held on the first day of cohabitation, would remain solely yours – but any growth in that pre-existing equity or additions to that equity made during the cohabitation and or marriage which still exists at the date of separation, is subject to a 50/50 equal division unless such a division would be substantially unfair having regard to a wide variety of factors.

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