‘De facto’ Business Partner Awarded Nearly $2 Million Dollars
January 13, 2022 | Family patrimony / assets
In Quebec, family patrimony is a direct consequence of marriage and applies to all persons legally married in the province, regardless of the matrimonial regime spouses may have opted for. Spouses cannot renounce in advance to their right to the equal partition of the property comprising the family patrimony.
Cryptocurrency: is it a loophole?
January 6, 2022 | Family patrimony / assets
Cryptocurrency, such as Bitcoin and Dogecoin, to name a few, are forms of non-tangible, virtual currency. In Canada, virtual currency is not considered a legal tender, but is classified as property.This leads to a novel question with respect to division of property in family law – how is cryptocurrency partitioned under Quebec’s default legal matrimonial regime of partnership of acquests (i.e. in the absence of a marriage contract)?
Does Trust Create A Shield?
July 19, 2021 | Family patrimony / assets
The family patrimony framework under the Civil Code of Quebec was designed to protect financially vulnerable spouses following the dissolution or breakdown of a marriage.
Family Patrimony
June 10, 2020 | Family patrimony / assets
Partition of the Family Patrimony: in the event of a separation, divorce, dissolution or nullity of a marriage. Pursuant art 414 of the Quebec Civil Code, “marriage entails the establishment of a family patrimony”.
Do I have to split my Quebec pension plan?
May 5, 2020 | Family patrimony / assets
The Quebec Pension Plan is a compulsory insurance plan for workers in Quebec who are 18 years-old and over, and it is regulated by the Act Respecting the Quebec Pension Plan.