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Canadian Divorce Glossary
If you're considering ending your marriage, learning to speak the "language" of divorce in Canada is an important first step. Below you will find a brief glossary of terms related to the separation process. These definitions are overviews, provided to help you begin to understand what is involved in ending a marriage.
Hidden Assets - To divide property during a divorce, the court will look at the assets of each spouse -- bank accounts, property, vehicles, household items, etc. During the discovery process, you and your lawyer may need to work aggressively to ensure that your spouse has given a full and complete accounting of his or her property and that there are no "hidden assets" that have been omitted.
Household Goods - Everyday items that make your house a "home" -- furniture, appliances, linen, electronics, cutlery -- are called "household goods." For Canadian family law purposes, household goods are valued at “garage sale value” – basically, what you could receive for them if you sold them at a garage sale.
While the individual value of specific items may be modest, the division of household goods sometimes becomes a tug of war as each small decision turns into a battleground. Ideally, you and your spouse will be able to divide the items without the benefit of legal counsel, as the cost of involving lawyers is probably greater than the value of your household goods.