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Latest posts from the Gelman & Associates blog
Spousal support can have a large impact on your finances after you and your partner part ways. Spousal support is money paid by one spouse to another spouse after they separate or divorce. This payment is separate from any child support payment that may be required. The amount of money to be paid, and by …
When you get a divorce in Ontario, you and your spouse must go through the process of equalizing your net family property (NFP) according to the Family Law Act. Net family property represents the difference between each spouse’s total assets and liabilities accumulated during the marriage, excluding certain exemptions. Assets considered in this calculation may …
When parents separate or divorce, they normally begin living apart while children move back and forth between their new homes. But what if you want your children to continue living in one family home while you and your former partner switch out? This arrangement is called “bird’s nest parenting”, and has been a growing trend …
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