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 …
One of the biggest concerns parents have during a divorce is protecting their children’s mental health and well-being. Decisions about child custody and support have real consequences for children, and in almost all cases a breakup between parents will mean major life changes for the children involved. One paradigm Alberta …
Divorce does not only involve the division of assets, but also the distribution of debts and, in some cases, future income. A family law dispute can cause a great deal of financial stress and can have a major impact on a person’s credit if they are stuck carrying more debt than they …
For most divorcing couples, financial concerns are top-of-mind. The distribution of assets and future financial support make up the bulk of the family law process in most Alberta separations. Fortunately, there are preventative measures that can be taken to avoid an unfair or drawn-out break-up. The earlier these issues are discussed in …
Many people are aware of the property-related impact a divorce can have. But what effect does this financial and personal stress have on other aspects of a person’s health and well-being? Many people in Alberta are impacted by a family law dispute, and it is important to understand how this may …
Dividing assets during a divorce can be particularly difficult when a couple owns a lot of land, or if they have a shared business. For Alberta farming families, both are often in the mix, making for complex asset division. When splitting family assets, one common question among both rural and urban …
Divorce settlements are almost always based on certain assumptions, including an assumption about the projected future earnings of each spouse. This information is often considered when calculating spousal support in Alberta. But what happens when a job loss takes place during a divorce? There are a few things divorcees should know about …
Figuring out who gets which assets in a divorce is rarely easy, but for some couples it can get even more complicated. This is certainly the case for couples who share a business. Alberta couples with a family business or businesses can add many complexities to the property division process. Many consider shutting …
