What is wasteful dissipation of marital property?
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What is wasteful dissipation of marital property?
Wasteful dissipation refers to a situation in which one spouse wastefully spends marital assets or purposefully fails to protect or preserve marital assets in anticipation of a divorce. To make up for the amount wasted, you would be entitled to a greater share of marital assets during the process of property division.
How is pension handled in divorce?
A pension can be the most valuable asset to be divided in a divorce. This is known as equalization of family assets. The advantage of equalization of family assets is that pension-plan aspects are cleared up at the date of separation.
How do you split a pension in divorce?
The Canada Pension Plan (CPP) contributions you and your spouse or common-law partner made during the time you lived together can be equally divided after a divorce or separation. This is called credit splitting. Credits can be divided even if 1 spouse or common-law partner did not make contributions to the CPP.
