On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, January 19, 2015. When a married or common-law couple separates, determining the amount of child support and spousal support tends to be a complicated matter, especially if complex assets have to be considered. …
Accounting for complex assets in a divorce settlement
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, January 19, 2015. The accurate valuation of matrimonial property can pose an array of challenges, perhaps especially if the spouses have acquired significant assets over time. These could include business assets, registered retirement …
How does divorce affect one’s taxes?
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Saturday, October 25, 2014. A variety of financial concerns have to be taken into account when a marriage breaks down, and it may be necessary to call upon accountants, financial advisors and business valuators to provide an …
What property is exempt from division in an Alberta divorce?
The Matrimonial Property Act (MPA) is the Alberta law used to classify and distribute property when a marriage ends. The basic presumption of the law is that matrimonial property and debts will be divided equally between the spouses. The MPA also provides for some kinds of property to be exempt from …
Things you should know about Spousal Support Guidelines in Alberta
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, September 26, 2014. Two statutes — the Family Law Act and the Divorce Act — are used to determine matters of spousal support in Alberta. In general, the purpose of spousal support is to recognize and …
Bitcoins: the challenge of property division in the digital age
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Thursday, June 5, 2014. The digital age has introduced fresh challenges in obtaining accurate financial disclosure between separating spouses. Take, for example, Bitcoin and other electronic currencies. These currencies can be used to pay for Internet-based services and …
Divorce settlement reaches record highs
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, May 23, 2014. A Switzerland-based Russian billionaire and his wife made headlines around the world last week when a court issued a $4.9 billion judgment in favour of the wife, but there are a number of …
Lack of interest in renovation reveals relationship stress
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, March 21, 2014. The stress associated with planning, coordinating and paying for a home renovation is frequently listed as a significant factor leading to relationship breakdown. While family discord arising from home renovation may simply be …
It is important for spouses to declare all assets during divorce
Divorce is nearly always stressful. Anyone who has gone through a divorce or separation in Calgary knows that trying to negotiate a settlement with a soon-to-be ex-spouse can be difficult. From trying to determine child custody to arranging child support to dividing matrimonial property, coming to an agreement in such …
Katy Perry sells home she bought with Russell Brand
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Wednesday, January 22, 2014. Katy Perry fans in Alberta may be interested to learn the fate of Perry’s former marital home. The Hollywood Hills home that Perry purchased with ex-husband Russell Brand was recently sold for $5.56 …