How Can I Protect My Cottage During a Divorce?
The division of property during a divorce is a complex issue. While you’re potentially worried about where you are going to live, property used primarily for recreation like your cottage is also going to be important to your future happiness. Here are some tips for protecting your cottage when you’re in the process of getting a divorce: 1. Know Your Advantages According to the...
How to Share a Cottage with Your Ex
While divorce is largely about dividing assets, the post-divorce period often involves some continued contact, particularly in the management of any remaining shared property or social connections. These aspects come together when resolving how to handle continued shared space like a cottage. Here are a few ways to make sharing your cottage easier on you both: 1. Sort out the legal aspect...
How is Property Divided Between Spouses?
One of the many tasks that you have to take care of when getting a divorce involves dividing all the property that the both of you have accumulated over the period of your marriage. There are various rules and regulations that make up the law regarding property division, most of which involve the recognition that both members of a matrimonial home contribute equally to the collective wealth...
Does an “Empty Nest” Have You Thinking About a Divorce?
One of the few constants of life is change. As you and your partner grow old together, the person that you married all those years ago has become someone different – something that happens to everybody as time passes. One of the biggest changes that a married couple experiences is when they’ve successfully raised their child to become a fully-functioning adult. After you’ve put...
Is Having Cold Feet Warning Sign You Should Get a Prenup?
Having cold feed is only natural for anyone tying the knot. Getting married is one of – if not – the biggest – life altering experience you’ll go through. Now it’s not just you waking up in the morning, you’ll have your significant other right next to you. And if you have kids, you may be rushing them off to school, taking them to soccer practice, dance recital, or having to bail them out of...
Why Are More People Getting Divorced in their Late 50’s?
Divorce is never a pleasant experience, regardless of how old you are when you face the possibility that your marriage might not be working. Typically speaking, the longer you stay married the more likely you are to stay married. However, recent trends have shown a marked increase in divorce among people who are 50 years of age and older. Many reasons exist for couples to stay together,...
Will Giving Your Spouse a 30-Second Hug Save Your Marriage?
Maintaining an excellent marriage requires a lot of time and effort in order to make sure that both parties are happy and fulfilled with their nuptial life. When issues rear their head during a marriage, both parties must commit to a lot of work in order to heal the rift created by the problem. The happiest marriages are often the ones where both partners are fully invested in making...
How Much Child Support Will I Get From My Spouse?
One of the most devastating consequences of divorce is the financial impact it has on your ability to take care of your children. Child support law in Canada is set up to ensure that kids, who already suffer negative effects from the end of their parents’ marriage, receive financial support from the husband, especially when the divorce compromises the household income of a wife. Child...
Minority Discount
QUESTION – If I own a small interest in a property or business on the date of separation, do I get any discount from the value of my property when it is valued? ANSWER How the courts determine whether to allow a discount for a minority interest, or marketability restrictions, or both, and how much any discount should be, depends very much on the facts of each case. The courts have wide...