When relationships break up, and whether the couple was married or not, issues often arise as to how to divide property between them. It is important to note that rights to property division exist even if the couple was not married. Exactly how property is divided, and in what proportions, depends upon the specific circumstances of the case. Each province also has a different set of laws that are applied.
When property settlements are reached, in order for the agreement to be binding in Alberta, two independent lawyers must also sign the agreement. It is therefore important to seek the advice of a lawyer whether or not you have been able to settle the issue of division of property with your spouse, and it is important to ensure that the agreement is put into a proper and legally binding form.