Want to Keep the Matrimonial Home? You NEED a Prenuptial Agreement
They say love conquers all… until it comes to divorce proceedings and the distribution of property. Then, all bets are off. Things can become especially heated when the soon-to-be exes discuss what happens to their home. Tempers can rise and you might find yourself saying things you’ll later regret. All that can be avoided, though. Drafting a prenuptial agreement can prevent arguments about...
How is Family Law Equalization Calculated in Ontario?
In Ontario, one of the most complex parts of a divorce involves the division of property. Equalization payments are designed to allow spouses to keep their personal property and split joint financial assets evenly. While this may seem like a simple fifty-fifty proposition, family law equalization calculations, when not performed properly and legally, can leave one spouse at a significant...
Small Arguments That Can Cost Divorcees Big Money
Do you know what’s likely to cost you BIG in a divorce? While big assets like your home or cottage are obvious focus points for discussion, and lawyer’s fees and child support could be big costs, the small stuff can add up—especially when the situation becomes emotional. Here are a few seemingly small arguments that could end up costing you a lot in the long run. Spite could cost...
Worried About Losing a Family Pet in Your Divorce?
If you’re going through a divorce and are worried about never being able to see your beloved pet again, you’re not alone. For many people, pets are like children to them. The thought of losing “custody” of Fido or Fluffy keeps them awake at night. Read on to learn how Ontario courts determine who gets to keep pets after a divorce. How Does the Law View Pets? Firstly,...
How to Protect Your Savings During Divorce
Are you about to go through a divorce and are worried you’re going to lose your life savings? It’s a common fear. Who hasn’t heard stories about how their friend lost everything to his ex-wife during their divorce? No one wants to go through that. But, who wants to be stuck in a loveless marriage? You can go through a divorce without losing your life savings – read on...
Divorce and the Family Cottage: Will You Lose it?
Are some of your fondest memories from the summers you spent at your family’s cottage? If you’re going through a divorce, you might be worried you’ll lose access to it forever. Read on to learn about how Ontario’s divorce laws treat cottages and recreational properties and what that means to you. The Matrimonial Home Ontario law recognizes the matrimonial home as a...
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...