Bankruptcy and Spousal Support
Spousal Support: A Debt that Cannot be Erased Following a divorce, many debtor spouses find themselves pinching pennies to make support payments. When Divorce Costs as Much as the Marriage Ceremony Divorce is expensive. It can often leave long-lasting financial problems for one or both parties. After a court grants a divorce and dissolves the legal bonds of marriage, debt obligations,...
What You Need to Know Before Using an Online Spousal Support Calculator
Many people turn to online spousal support calculators, in hopes of making sense of their situation. The anxiety of not knowing what support they can hope for will lead them to try anything. But you can’t trust an online calculator to give you the whole picture. These tools are not complex enough to be able to give you a good sense of what to expect, especially as your case may not fit...
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...Credit for Overpayment of Spousal Support
Is a person entitled to credit for overpayment of past spousal support and to termination of spousal support when the property issues between the parties have been determined? (1) Should the entire date-of-separation value of White Holdings (“the Corporation”), a corporation of which your client, Mr. White, holds the preferred shares, be included in your client’s NFP; and (2) Is your client...Spousal Support After Equalization Payment
If a spouse receives a large equalization payment is she still entitled to spousal support? You informed me that your client is a stock trader who left his employment during the marriage to manage his own stocks. The value of his stocks exceeds $10 million. The stocks are the sole source of his income, by way of dividends and such. Your client splits income with his wife. Their combined income...Divorcing Mothers: Know Your Spousal Support Rights
Going through a divorce is a stressful and emotionally overwhelming time. Both parties can get caught up in name-calling or verbal attacks. However, amidst all the turbulent emotions, mothers going through a divorce need to keep certain things in mind. One of those things is their right to spousal support. Canadian Laws on Spousal Support Until 1968, there was no federal law in Canada that...Does Ontario Family Law Protect The Interests Of People Paying Support?
When a marriage ends, spouses have certain financial rights and obligations. These include both child support and spousal support. You are obligated to pay child support if the other parent has physical custody of the child or children, meaning that they live with him or her the majority of the time. This makes you the “payor” and the other parent the “recipient” of support. The other type of...Spousal Support Slideshare Presentation
Spousal Support Guide & Rules For Ontario from Fine & Associates Professional Corporation SPOUSAL SUPPORT Support is a creature of Statue / must examine the FLA and Divorce Act support may be for married or unmarried spouses a married spouse can claim support under the Divorce Act and FLA (if no divorce claimed – may seek support but not a Divorce) an unmarried spouse can...