What is the appropriate date for the valuation of family assets?
British Columbia, Canada
The following excerpt is from Dykman v. Dykman, 2011 BCSC 883 (CanLII):
Our Court of Appeal has established the principle that : . . . unless there be reason to the contrary the valuation date for family assets . . . should be chosen as of the date of trial. See Gilpin v. Gilpin [1990] B.C.J. No. 2272
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Does the use of income from a capital asset for family purposes constitute a family asset? (British Columbia, Canada)
Is a husband's contribution to a business considered a family asset in determining if the business asset is a business asset? (British Columbia, Canada)
Does use of an asset for a family purpose prior to marriage make it a family asset? (British Columbia, Canada)
When a spouse's assets are not family assets, is one of the spouses entitled to an equal division of assets? (British Columbia, Canada)
What is the appropriate date for the valuation of assets under the Family Relations Act? (British Columbia, Canada)
What is the final asset to be considered as a family asset? (British Columbia, Canada)
Is there any argument to exclude certain assets from the class of family assets in a claim for interim distribution? (British Columbia, Canada)
What is the test for a party seeking to change the date on which to value family property or family debt under the Family Law Act? (British Columbia, Canada)
What are the factors used in determining the division of family assets in a separation of assets? (British Columbia, Canada)
How is the net asset value of a broken-up marriage calculated when the parties agree the total family debts as at least as at the time of separation are to be deducted from the total assets? (British Columbia, Canada)
