In this Personal Injury Settlement Divorce Claim case(2013 BCSC 1827) The wife tried to claim half of the husband’s settlement from ICBC as a family asset.
The husband kept his settlement from ICBC separate and did not use it for any family purpose. He had actually placed the settlement money in a separate bank account and had not used it .
The court agreed with the husband’s submission that the personal injury settlement award money was not used for a family purpose and was therefore not a family asset.
Issue: Should a personal injury settlement be considered a family asset subject to division in a divorce?
Posted by Personal Injury Lawyer Mr. Renn A. Holness