Couples who have become acclimated to a certain lifestyle, or who hold a significant amount of wealth, have particular considerations when they choose to end a marriage. In Alberta, even high asset divorce can leave one or both parties with concerns about their financial well-being. What can be done to …
In high asset divorce, does remarriage end spousal support?
There are many issues often at play when a married couple chooses to end their union. In a high asset divorce, one common issue is spousal support. Many Alberta payers assume that spousal support payments will automatically end when their former spouse remarries or finds employment, but this is not always …
Signs someone may be hiding money in a high asset divorce
When a marriage ends, former couples need to work toward a resolution with regard to their joint assets and liabilities. One of the things that can make this process difficult, particularly in a high asset divorce, is when one party attempts to hide assets. This can have serious legal, emotional …
Considerations for wealthy women in a high asset divorce
The earning power and wealth of Canadian women is higher than ever, but what does that mean when it comes to marriage and divorce? A reported $2.2 trillion in assets are under the control of Canadian women at present, a number expected to double within the decade. There are several things wealthy …
Keeping a business safe in a high asset divorce situation
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Thursday, September 13, 2018. Entrepreneurs need to know a lot more about divorce than the average Joe or Jane. Some Alberta residents who have amassed a sizable amount of assets from a successful business …
High asset divorce in Canada: Keep it out of the court system
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Tuesday, January 9, 2018. Couples who have decided to divorce and who have healthy bank accounts and portfolios, including property and other assets, are advised by experts to stay out of the court system. …
High asset divorce in Alberta: Wealth and court don’t mix well
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Tuesday, September 12, 2017. More than 40 percent of all marriages in Canada will end in divorce and most are labelled “no fault.” Wealthy, married Canadian couples usually have no problem paying for a …
When possible, try settling a high asset divorce out of court
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, March 27, 2017. For a person whose marriage is about to end, it may be of some slight comfort to know that around 40 percent of marriages in Canada end in divorce. A …
Post-nuptial agreements may simplify a high asset divorce someday
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Wednesday, March 15, 2017. The idea of getting divorced is rarely on the mind of the betrothed. Even married couples rarely think about it, at least they don’t if things are going well between …
Financial tips for a high asset divorce
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, February 27, 2017. After enjoying an affluent lifestyle, the financial ramifications of divorce can be a shock for some men and women in Alberta. While life will certainly be different after a marriage …