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Property Division

Property division is one of the biggest concerns during a separation or divorce. In British Columbia, the law follows an equal division rule for property acquired during the marriage, meaning both spouses typically get an equal share of assets and debts. But dividing property isn’t always as straightforward as it seems.

If you’re facing property division, we’re here to help you navigate the complexities and protect your financial future.

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Common Questions About Property Division in BC

  • Basically, anything of value you and your ex own—together or separately—including:

    • Homes & real estate

    • Bank accounts & investments

    • Pensions & retirement savings

    • Businesses & assets

    • Vehicles & personal belongings

    • Debts (yes, those get divided too!)

    If it was acquired during the relationship, it’s usually shared property—even if only one person’s name is on it.

  • B.C. law follows a 50/50 rule: each spouse is entitled to half of all shared assets and debts acquired during the relationship. But there are exceptions, and not everything is split evenly.

  • Some things are considered excluded property, meaning they stay with the original owner. This includes:

    • Property owned before the relationship

    • Gifts or inheritances received during the relationship

    • Personal injury settlements

    • Certain trust interests

    However, any increase in value of excluded property during the relationship may still be shared.

  • If you or your ex own your home, it’s considered shared property—whether it is in joint names or owned by one person alone. This means:

    • It may need to be sold, with profits split

    • One partner may buy out the other

    • Special rules may apply if kids are involved

    We help you fight for a fair outcome—so you don’t lose more than you should.

  • Debt is treated like any other asset—it gets split. If it was taken on during the relationship, it’s usually shared, regardless of whose name is on it. That includes:

    • Mortgages

    • Credit cards

    • Loans

    However, if one partner racked up debt recklessly or secretly, you may be able to argue that it shouldn’t be shared.

  • Yes! If you and your ex can reach an agreement, we can draft a Separation Agreement that lays out how property, assets, and debts will be split. If you can’t agree, the courts may decide for you.

  • Once property division is finalized, it’s usually set in stone. The courts rarely allow changes unless there was:

    • Fraud or dishonesty (one partner hid assets)

    • A major legal mistake in the original agreement

    • A huge financial change that makes the original division unfair

    This is why getting it right the first time is so important—we help make sure you don’t get stuck with a bad deal.

  • Whether you’re negotiating property division or need to fight for your fair share, we’ve got your back. Mahogany Law Group connects you with the right in-house lawyer for your situation, so you get expert guidance from day one.

    Reach out today to get started.

  • Always Taking the Time to Listen

    I highly recommend Alexandra Ghihor as a lawyer. She provided me with effective information and solutions for my case, always taking the time to listen to all my concerns and doubts. Alexandra was always punctual and took enough time to clarify all my questions thoroughly. Her professionalism, patience, and dedication made a challenging situation much easier to handle. I truly appreciate her guidance and support throughout the process. If you’re looking for a lawyer who genuinely cares and delivers results, Alexandra is the one to trust!

    ★★★★★
    Aura (Google Review)

  • Above and Beyond

    I have worked with Puneet Mann for a couple years now. She is an amazing lawyer. She has gone above and beyond for me and my family. It's nice to have a lawyer who believes in you and has your back. I'm glad to have her in my corner. Thankful for everything they have done so far.

    ★★★★★
    RC (Google Review)

  • Absolutely Fantastic!

    Francis Lepp was absolutely fantastic when helping me get my divorce. This is never a pleasant experience, but she made it so easy and provided a safe and welcoming atmosphere while I was navigating through this tough time. She answered all my questions, in which I had many. Communicated effectively, and explained things to me in ways that were simple and easy to understand. Everything went smoothly, all paperwork done quickly. I highly recommend her!

    ★★★★★
    CF (Google Review)

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Our Reliable
5-Step Process

Choosing the right lawyer for your family law matter shouldn’t feel like guesswork. At Mahogany Law Group LLP, we use a careful, step-by-step approach to pair you with the advocate best suited to your situation.

Our process brings clarity and confidence by listening to your needs, assessing your case, and aligning you with the right expertise. We provide the guidance and support you need, every step of the way. You’re in capable hands—let us help you find the right lawyer.

  • We begin by collecting essential details—such as your name and the names of those involved—to check for potential conflicts of interest and confirm we’re able to assist you. Our priority is ensuring we can represent you effectively. If any issues arise, we’ll let you know promptly and transparently.

    Ready to take the first step? Visit our Contact Page to get started.

  • Next, you’ll sit down with one of our experienced lawyers for a one-hour consultation. This is your opportunity to share your story, review any relevant documents, and ask questions. Our lawyer will provide initial insights, outline potential options, and help you determine the best path forward for your situation.

    Our $300 consult is a chance to talk things through, get practical advice, and leave with a clear sense of your next steps. No pressure, just support.

  • This is where we stand out. After carefully reviewing your case as a team, we’ll recommend the lawyer whose skills and approach best align with your needs. The decision is ultimately yours, and we’re here to support you in choosing a legal advocate you feel confident in. Our experience shows that a well-matched lawyer can make all the difference.

  • When you’re ready to proceed, we’ll formally open your file to begin working on your behalf. As is standard practice in legal services, a retainer will be required to initiate the process. We’ll guide you through this step to ensure everything is set up smoothly and efficiently.

  • Now we roll up our sleeves. Your lawyer will take the lead on your case, keeping you informed and working closely with you to pursue your goals. When it’s in your best interest, we collaborate as a team to bring added insight, and if another lawyer on our team is a stronger fit, we’ll shift seamlessly—our close-knit approach ensures a smooth transition.

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Our Property Division Lawyers