Can a savings fund be used for a family purpose?
British Columbia, Canada
The following excerpt is from Gundarah v. Gundarah, 2007 BCSC 721 (CanLII):
In Folk v. Folk, the savings fund existed at the time the parties’ assets were to be divided. The only question was as to its character, namely whether, as a fund in reserve for future need, it could be said to be “ordinarily used for a family purpose”.
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