When a couple decides to separate or divorce, in most cases, they are legally required to divide assets they accrued throughout their marriage by equalizing their net family properties. Determining the amount of assets included in your net family property will have a large impact on resulting equalization payments. However, there are certain assets an …
Read MoreWhen a couple decides to marry, it is important for them to consider how their assets may be divided in the event of separation or divorce. In Ontario, assets like inheritances are treated uniquely under the Family Law Act (“FLA”) and are often protected during the equalization of net family property. However, marriage contracts can …
Read MoreAs the back-to-school season rolls around, parents everywhere are preparing for an academic year filled with new opportunities and challenges. For some, this time of year means more than just shopping for supplies and a new school wardrobe – it also involves managing child support payments and budgeting for a range of additional school-related expenses. …
Read MoreWhen your relationship ends, it can be difficult to navigate your legal entitlements especially if a co-habitation agreement was not in place. Although common-law relationships are treated differently than marriages under Ontario law, property division is still a possibility. Although it’s not automatically guaranteed, there are legal steps a common-law partner can take to divide …
Read MoreAs actor Kevin Costner approaches 70, he finds himself facing a major life change: navigating a grey divorce. After nearly 19 years of marriage, the actor and his wife have decided to part ways, drawing attention to an increasingly popular trend among older adults. A grey divorce refers to the breakdown of marriage between older …
Read MoreThe Family Law Act provides a framework for how assets and debt can get divided during a separation and/or divorce and is intended to make way for an equitable division of assets as well as providing financial security following the end of a relationship. This becomes especially important if there’s no marriage or cohabitation agreement …
Read MorePrivate pensions are a valuable component of retirement planning for many Canadians as they offer predictable income and financial security beyond the Canada Pension Plan CPP. In Ontario, private pensions hold significant value, making them complex assets to handle during divorce or separation proceedings. Here are some commonly asked questions from our clients during separation …
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