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Property Division Under Alberta Law

In Alberta, the division of property following a marriage or common-law relationship is governed by the Family Property Act (formerly the Matrimonial Property Act). This legislation sets out the rules for determining which assets and debts are subject to division, how they are valued, and how they should be allocated between spouses.

While the law presumes that most family property will be divided equally, there are notable exceptions. Property acquired before the relationship, inherited assets, or gifts from third parties may be classified as exempt property, provided they can be traced and proven.

Comprehensive Property Division Services

Asset Valuation
and Allocation

We work with financial experts to determine the fair market value of all assets, from the family home to stock options and business holdings, ensuring accurate division.

Complex Asset
Division

For matters involving business interests, multiple properties, or assets held in different jurisdictions, we develop a strategy that addresses valuation, tax implications, and legal compliance.

High-Net-Worth
Property Division

We represent clients with significant financial resources, safeguarding complex portfolios through thorough asset review and legally sound division methods.
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How a Property Division Lawyer Protects Your Interests

Classification

Proper classification of assets as family or exempt property to ensure rights are protected.

Valuation

Accurate valuation of all assets, including real estate, bank accounts, business interests, and personal property.

Compliance

Full compliance with all relevant property division laws.

Strategy

Strategic negotiation or litigation to achieve a fair and equitable outcome.

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TESTIMONIALS

Frequently
Asked Questions

FAQs
What Assets Are Subject to Division?

Most property acquired during the relationship is subject to division under the Family Property Act, unless classified as exempt property.

The matrimonial home may be sold, transferred to one spouse, or awarded for exclusive possession, depending on the circumstances.

In limited cases, yes. For example, if one party fails to disclose significant assets.

We can compel disclosure through court orders, financial investigations, and other legally enforceable measures.