Many individuals going through a divorce in their 20s and 30s assume the process will be straightforward, especially if they do not have a shared house or children yet. In reality, even seemingly simple break-ups can have their fair share of legal, financial and personal challenges. Here are some things …
While some divorces are mutually agreed upon, many are initiated by one party. The other person may feel this is unfair, especially if they do not want the divorce themselves. However, the details of who chose to pursue a dissolution of marriage are typically unimportant in settling issues like property rights. …
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 …
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 …
It is no secret that divorces can be incredibly stressful. Maintaining healthy work is critical for overall financial well-being. Consistent income can be a factor in support and property division conflicts, particularly in a complex asset divorce. Here are some tips that Alberta workers and business owners can turn to when trying …
Even in a fairly amicable divorce, surprises and misconceptions can catch people off guard. Those undergoing the divorce mediation process in Alberta should be aware of some of the financial and legal issues that await them, such as the impact of spousal support and the challenges of disconnecting shared accounts. Here …
A divorce can be challenging in many ways: emotional turmoil, family division, and financial stress to name a few. For the latter issue, it is a good idea to take steps to plan ahead with a rational mindset. Albertans going through the family law process can save themselves from serious financial problems …
On the surface, declaring income for a divorce may seem relatively straight-forward. However, it often becomes a matter of far more than just presenting last year’s tax return. For Alberta workers who must factor in commission, bonuses or even a job change, estimating and identifying income can become a challenge. It …
There are many contentious issues that can arise during a divorce. However, when it comes to property rights, the family home is often at the centre of most battles. While some divorcing couples in Alberta choose to simply sell the home and part ways, others may choose to keep it. Deciding who …
When couples have been together for a long time and have built their lives as a unit, splitting assets can be tricky business. The rise of so-called “grey divorce” in Canada has also given rise to questions about complex asset division, as many of these splits are anything but straight-forward. Here is …
