Form 13B Net Family Property Statement - Ontario, Canada

Form 13B Net Family Property Statement - Ontario, Canada is used in the process of divorce to calculate each spouse's net family property and determine division of assets and debts.

In Ontario, Canada, both spouses are required to file Form 13B Net Family Property Statement when applying for a divorce.

FAQ

Q: What is Form 13B?
A: Form 13B is the Net Family Property Statement used in Ontario, Canada.

Q: What is Net Family Property?
A: Net Family Property refers to the value of all assets and debts accumulated during a marriage.

Q: Who needs to complete Form 13B?
A: Form 13B needs to be completed by both spouses when filing for divorce in Ontario.

Q: What information is required on Form 13B?
A: Form 13B requires information about each spouse's assets, debts, and financial situation.

Q: Why is Form 13B important?
A: Form 13B helps determine the equalization of property between spouses during a divorce.

Q: What should I do with completed Form 13B?
A: Completed Form 13B should be filed with the court and exchanged with the other spouse.

Q: Are there any deadlines for completing Form 13B?
A: There are no specific deadlines, but it should be completed and exchanged within a reasonable time after starting the divorce process.

Q: Can I seek legal assistance to complete Form 13B?
A: Yes, it is recommended to consult with a family law lawyer to ensure accurate completion of Form 13B.