In what circumstances will the value of a piece of real property be determined at a date other than the triggering event?
British Columbia, Canada
The following excerpt is from Wu v. Wu, 2012 BCSC 1687 (CanLII):
In deVerteuil v. deVerteuil, [1981] B.C.J. No. 24 (S.C.), the court was dealing with analogous facts to this case. There, a piece of real property had been sold by a creditor bank to satisfy a debt prior to the triggering event. The court noted in paragraph 10 that property would have been a family asset at one time. After referencing decisions where the value of family assets had been determined at a date other than the triggering event, the court observed at paragraph 12:
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