Complex Business And Real Estate Property Division
Dividing family real estate, assets and holdings can become complicated when these include businesses or multiple properties with multiple owners. When spouses decide to separate, both parties may strongly disagree on the value of these assets and how to divide them.
At Smyth Hoover Sandhu, our goal is to help you manage such conflict and exit your relationship with as fair and full an entitlement as possible.
Dividing Multiple Or High-Value Real Estate Properties
Many of our clients own a primary residence in Metro Vancouver, but may also hold real property elsewhere in British Columbia or beyond. These may include a secondary residence, recreational properties, investment properties or rental properties.
Each type may require a different appraisal method to determine its comprehensive value. We can ensure that the value of your various properties is properly assessed. We take into account such factors as ongoing income from rental properties and tax implications of a sale or buyout.
Dividing Business Interests And Structures
Many of our clients also own businesses. These are considered family property and spouses are entitled to share in the value. If a marriage contract or shareholder agreement exists, we can help you understand the provisions contained in them with respect to division.
You will need to make decisions on which spouse retains control and ownership of the business after separation. Questions will arise over whether to divide the value of the business’s assets or to have shares in the company instead. Each method has its own practical, legal and financial impacts.
Based on your goals and priorities, we analyze your options and provide you with the facts, figures and insights to help you make an informed decision, including whether to pursue your interests in court.
Discuss Your Property Division With A Lawyer
If you are separating and have high-value or complex assets to divide, our lawyers are ready to review your case and help you advance your interests. We offer a free half-hour initial consultation in which we will listen to your needs and let you know how we can help. Contact us today to book a complimentary appointment. Call our office in Port Moody at 604-942-6560 or send us an email.