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...
Matrimonial Home Interest
If a person makes a greater contribution to the purchase of a Matrimonial Home, does this mean they are entitled to a greater interest in the home? In the summer of 2011, the parties each sold their respective homes. In October, 2011, they purchased a home and began residing together in it. This home became the matrimonial home when they married. The price was $1,125,000. Mr. Black...
Marriage Contracts and the Matrimonial Home
Prenuptial Agreements or Marriage Contracts are not just for the rich. Marriage is a partnership. Anyone entering into a partnership should understand the terms of that relationship and protect their rights with due diligence. That means most people, especially those individuals bringing assets into the marriage, should take the time to draft a Prenuptial Agreement or Marriage Contract....Marriage Contract In Ontario
An experienced Family Law Lawyer can help you draft a Prenuptial Agreement that protects your legal rights and financial assets as well as help you and your spouse-to-be in order to avoid or resolve financial disputes before saying “I Do.” (more…)