Does a judge have to include the value of severance packages received by both parties after the date of valuation as property as of valuation day?
Ontario, Canada
The following excerpt is from Dembeck v. Wright, 2012 ONCA 852 (CanLII):
In Leckie v. Leckie, supra, the trial judge included the value of severance packages received by both parties after the date of separation as property they owned as of valuation day. This court allowed the appeal on that issue, noting, at para. 4 of a brief endorsement, that "[t]he severance packages did not exist at the date of separation. Neither party had any entitlement to such a package as at the date of valuation. They are not property as of separation."
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