Baby boomers have always been trendsetters in Ontario, whether in fashion, the arts or fiscal habits. More recently, men and women of this generation are changing the way they think and feel about marriage. Perhaps in a bid to avoid the struggles associated with separation and divorce, many are avoiding marriage altogether, opting instead to live with their partners.
When two people married to each other separate in Ontario, they must divide their family property in the manner provided for in the applicable legislation (unless they agree otherwise). While most people seem to be aware that the value of gifts or inheritances that one receives from a third party during his/her marriage is excluded from that division, many people are unaware that they may loose that exclusion unless they deal with their gifts and inheritances in a certain manner.