Financial issues often become the most complicated part of a divorce. While the family home is usually the first asset people think about, pensions and RRSPs can be just as significant — and sometimes even more valuable.

For most typical couples, their house is the single biggest asset. So what happens to the matrimonial home during a divorce or if your common-law relationship ends?

Do you have an up-to-date last will and testament? If the answer is “no,” you are not alone. According to a 2023 Angus Reid Institute survey, half of the people in this country say they do not have a will. Of those who do, 13 per cent report that their will is out of date. In fact, only two in five Canadians surveyed, or 37 per cent, say they have an up-to-date last will and testament. 

Divorce can be a difficult process for many couples. On top of the emotional strain it brings, there has to be a division of property and one partner often must provide spousal support for the other.

Prospective buyers often will include a deposit in their offer to purchase to indicate their sincerity in closing the deal.

A residential home is very often the largest purchase a person or family will make.

Albertans in common-law relationships may believe they are not subject to the same property division rules as married couples.

During the course of the COVID-19 pandemic, Courts in Alberta have altered their operations, policies and procedures with a view to helping to contain or prevent the spread of COVID-19 while maintaining, as much as possible, access to justice.