Larue v. Larue

Larue v. Larue

Matrimonial assets must be valued net of matrimonial debts for the purposes of equalization under the Matrimonial Property Act; debts identified as matrimonial should be netted from asset values and section 13(b) permits an unequal division of net matrimonial assets when equalization would be unfair (including where...

Source-derived case information.

Citation
2001 NSSF 23
Parties
Petitioner: Peter Andrew Larue; Respondent: Shelley Ann Larue
Court
Supreme Court of Nova Scotia
Jurisdiction
Canada
Judgment Date
8 June 2001
Procedural Posture
Divorce / Decision
Outcome
Divorce granted; pension accruals from Oct 23, 1989 to Aug 19, 1997 to be divided equally; residual matrimonial debts allocated to petitioner; spousal support of $600/month continued to and including December 15, 2001; no costs awarded to either party.
Legal Topics
Division of Matrimonial Assets, Matrimonial Debts, Valuation Methods (net Vs Gross), Equalization Payments, Spousal Support Quantum and Duration, Pension and Severance Division
Source Language
en
Family Law Matrimonial Property Spousal Support Pensions and Benefits Division of Matrimonial Assets Matrimonial Debts Valuation Methods (net Vs Gross) Equalization Payments +2 more

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Parties

Peter Andrew Larue

Petitioner

Shelley Ann Larue

Respondent

Procedural Posture

Divorce / Decision

  1. 1 Whether matrimonial assets should be valued net of matrimonial debts or on a gross basis
  2. 2 Whether matrimonial debts are presumptively shared or may be allocated unevenly under s.13(b)
  3. 3 Division of pension and potential severance pay

Ratio Decidendi

Matrimonial assets must be valued net of matrimonial debts for the purposes of equalization under the Matrimonial Property Act; debts identified as matrimonial should be netted from asset values and section 13(b) permits an unequal division of net matrimonial assets when equalization would be unfair (including where one spouse cannot practically assume debt); applying those principles the residual matrimonial debts are allocated to the petitioner and spousal support of $600/month is continued to December 15, 2001.

Court Disposition

Divorce granted; pension accruals from Oct 23, 1989 to Aug 19, 1997 to be divided equally; residual matrimonial debts allocated to petitioner; spousal support of $600/month continued to and including December 15, 2001; no costs awarded to either party.

Orders

  • Divorce granted on ground of permanent breakdown
  • Order dividing husband's pension benefits accrued Oct 23, 1989 to Aug 19, 1997 equally and permitting application under the Pension Benefits Division Act