Dividing investment properties in a Kawartha Lakes high-asset divorce can be overwhelming. Along with the emotional strain of a divorce, there are major financial factors to consider. The risks feel even higher when they involve real estate investments.
Rental units, vacation cottages, commercial spaces, or other investment properties could bring challenges in a divorce. Decisions about these assets could also affect your settlement and long-term security. At The Riley Divorce & Family Law Firm, we understand how difficult disputes regarding investment property can be while you are going through your divorce. Let our skilled high-asset divorce lawyers help you today.
Calculating what each property is worth is the first step in dividing real estate. This may require appraisals, financial records, or professional opinions, especially if the property generates rental income. In many high-asset divorce cases involving investment property in Kawartha Lakes, one spouse may argue that an investment property should be excluded from the equalization process because it was owned before the marriage.
Ontario courts look closely at a few factors, including:
These details help determine if the property becomes part of the marital estate. Our lawyers work to make sure valuations are accurate. Getting this step right could be the difference between a fair settlement and a financial loss.
When investment properties generate income, courts could treat them differently from personal-use homes. A property that brings in monthly rent is considered an asset, but its income may also influence spousal support calculations. In some cases, courts may attribute additional income to a spouse who benefits from rental revenue, even if the property itself is not being transferred.
In these cases, investment real estate is evaluated twice. First, as part of the marital property, then, as a source of income that could affect spousal support obligations. For example, even if a spouse does not receive the property in the final settlement, the rental income might still be considered when determining how much spousal support they should pay or receive. Our lawyers could help you prepare for this dual treatment, ensuring that both the investment property’s value and its income are addressed in high-asset divorce negotiations or litigation in Kawartha Lakes.
It is common for high-net-worth spouses in Kawartha Lakes to own several pieces of investment property that must be accounted for during a divorce. Dividing these properties may involve buyouts, swaps, or selling them and splitting the proceeds.
However, not all real estate is the same. A lakeside cottage may carry strong personal meaning, while an apartment complex could provide steady income. Courts consider these differences when deciding what is fair. In practice, one spouse might keep the income property while the other takes assets of equal value, allowing both parties to move forward on balanced financial terms. Having skilled legal and financial guidance could ensure that the division is practical and equitable.
When you are dealing with dividing investment properties in a Kawartha Lakes high-asset divorce, you should not have to navigate it alone. These divorce cases are complex, and the outcome could affect your financial future.
At The Riley Divorce & Family Law Firm, our team of lawyers is available to support you 24 hours a day and seven days a week. We provide strategic advice to high-net-worth families and work to protect the assets that matter most. Call us today to learn how we could help you move forward in your divorce with confidence.
Now you can have your Consultation with Paul Riley any time from the comfort of your own home. With video calls from Zoom, your Team at The Riley Divorce & Family Law Firm can meet with you virtually, and learn about your case. All you need is a smartphone, tablet, laptop, or desktop with a built-in camera and microphone.
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