Fast Facts on Matrimonial Property

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#1: Matrimonial property is property that is acquired during the relationship.

#2: The individuals can be married or unmarried couples.

#3:  Matrimonial property includes property that is solely in the name of the other party.

#4:  It is in your best interest to consult with an experienced Family Law lawyer before agreeing to any property split.

#5:  You do not need to go to court to settle property division issues.  However, for your own protection, you should consult with a lawyer before agreeing to any property division.

#6:  A completed Agreement is called a Minutes of Settlement or Separation Agreement.  Agreements that are not drafted or executed properly will not stand up in court. 

#7: A Separation Agreement can be arranged through Mediation or you and your former partner can come to an agreement and have it drafted by a Family Law lawyer.

#8: Property acquired prior to the relationship may be exempt from division.

#9: Certain types of property are not divisible - contact us to find out what is divisible and what is not.

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